25-19 Tariffs as Fiscal Policy

2025

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AI-generated summary

1) This paper analyzes the significant shift in US fiscal policy towards tariffs in 2025, evaluating its revenue generation, distributional impacts, efficiency costs, and macroeconomic consequences.
2) * Examines the implications of escalating broad tariffs alongside income tax cuts for the US tax system.
* Assesses the revenue potential, efficiency losses, and regressive nature of tariffs as a fiscal policy tool.
* Discusses the macroeconomic effects, including supply shocks, price increases, and reduced economic activity.
3) Tariffs, Fiscal Policy, Revenue, Efficiency, Distribution

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