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How Trump’s tariffs finance farmer bailouts

Rick Newman  |  August 14, 2019

“President Trump is proud of the “MANY billions of dollars” the U.S. government is taking in new tariffs. Problem is, those are taxes paid by Americans, and some of the money is going to other Americans in a kind of shell game that harms the U.S. economy more than it helps. …The Treasury Department can’t tap tariff revenue or any new source of funds for any purpose it wants. With only a few exceptions, spending by the executive branch must first be authorized by Congress.” 

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