Birdwatch Note Rating
2025-01-03 13:23:40 UTC - HELPFUL
Rated by Participant: 801EF47667BB4A265482C460A08B6BB8CD8D4399730F8E355209F79C3722D4ED
Participant Details
Original Note:
The graph does not support the statement, it only shows the ratio of tariffs to other income. In reality, tariffs and excise have increased hugely. Evidence shows that large-scale tariffs result in declines in productivity and a loss of international competitiveness. https://upload.wikimedia.org/wikipedia/commons/e/e0/Federal_taxes_by_type.pdf https://www.whitehouse.gov/cea/written-materials/2024/07/12/tariffs-as-a-major-revenue-source-implications-for-distribution-and-growth/#:~:text=Indeed%2C%20the%20evidence%20shows%20that,effects%20on%20the%20trade%20balance
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