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In reply to the discussion: The Trump tariffs scam in a nutshell [View all]Wiz Imp
(9,549 posts)32. Wow.
There is no special Trump Swiss account for tariffs. I can't believe anyone would actually believe such nonsense.
https://www.marketplace.org/story/2025/06/20/where-is-our-tariff-revenue-going
But if everything goes smoothly, the CBP sends tariff revenue to the U.S. Treasurys general fund, which is where our federal income taxes also go.
The president, the Treasury Secretary and the CBP do not have the discretion to spend that money.
President Trump, will sort of talk as if he's got this money that can be spent. It cannot be spent unless Congress authorizes and appropriates it to be spent for a particular purpose, Meyer said. It's just a tax in the same way the president cannot just turn around and spend the income tax dollars that the IRS collects and remits into the general revenue of the Treasury.
The president, the Treasury Secretary and the CBP do not have the discretion to spend that money.
President Trump, will sort of talk as if he's got this money that can be spent. It cannot be spent unless Congress authorizes and appropriates it to be spent for a particular purpose, Meyer said. It's just a tax in the same way the president cannot just turn around and spend the income tax dollars that the IRS collects and remits into the general revenue of the Treasury.
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The companies will then be expected to donate some of their profits back to Trump.
Irish_Dem
Yesterday
#2
The state it was sold in made additional sales tax revenue due to the tariffs as well
MichMan
Yesterday
#3
Except sector tariffs like auto parts are not covered by the SCOTUS ruling
Fiendish Thingy
Yesterday
#4
I don't think anybody questions that the tariff money goes to the Treasury. That's the wrong question.
Bluetus
18 hrs ago
#34
Well, That Tidy Little Sum Of $10 Billion For The "Board Of Peace".......
ColoringFool
16 hrs ago
#36
Tariffs are just baked into the price and aren't listed separately on invoices provided to customers.
Shermann
Yesterday
#9
This is a very real scenario. And nosice there was an extra $25 of price gouging in this example.
Bluetus
Yesterday
#13
Exactly--it is a potential windfall for companies that passed the tariffs straight on the the consumers.
Ol Janx Spirit
Yesterday
#18
We will never see a dime. I doubt companies, who technically paid the tariff will either.
themaguffin
Yesterday
#27
Hell, that is the description of our entire society, not just those tariffs. (n/t)
OldBaldy1701E
9 hrs ago
#38