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Moody's Talks - Inside Economics
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Economic Impacts of Tax and Tariffs
This chapter discusses the regressive nature of proposed taxes and the challenges they pose to low and middle-income households, alongside concerns regarding revenue generation. It critically analyzes the implications of tariffs on international trade, the manufacturing sector, and foreign investments, highlighting the potential negative effects on the economy. The conversation emphasizes skepticism about the effectiveness of tariffs as a long-term solution for revitalizing domestic manufacturing and addressing fiscal challenges.
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