No, Tariffs Did Not Cause September's Budget Surplus episode artwork

EPISODE · Oct 28, 2025 · 9 MIN

No, Tariffs Did Not Cause September's Budget Surplus

from Audio Mises Wire · host Mises Institute

September’s fiscal surplus was not thanks to tariff revenue. In truth, it was thanks to Americans paying more in income tax. Tariffs were only 5.7 percent of revenue.Original article: https://mises.org/mises-wire/no-tariffs-did-not-cause-septembers-budget-surplus

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