Remember everyone. View tariffs as kind of a federal sales tax. Sales tax typically affect lower classes more than upper classes. It will also compete with other sales taxes at other government levels. Those smaller governments rely on it more than the federal government.
Meaning, to grossly oversimplify, this will ultimately cost more for people with less wealth, and it will degrade your local governments ability to provide services due to less income.
To answer OP’s question. They already have plans to pass more tax cuts for the rich (federally). That money has to come from elsewhere. This is one form of the elsewhere.
Remember everyone. View tariffs as kind of a federal sales tax. Sales tax typically affect lower classes more than upper classes. It will also compete with other sales taxes at other government levels. Those smaller governments rely on it more than the federal government.
Meaning, to grossly oversimplify, this will ultimately cost more for people with less wealth, and it will degrade your local governments ability to provide services due to less income.
To answer OP’s question. They already have plans to pass more tax cuts for the rich (federally). That money has to come from elsewhere. This is one form of the elsewhere.