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Mary Lovely, a trade economist at Syracuse University and the Peterson Institute, aptly pointed out to me by email: “Taxpayers are not made whole when tariff revenue is returned to them. Taxes create excess burden by distorting economic choices. These distortions impose costs beyond any income taken in tariff revenue. wholesale jerseys In the first …

Mary Lovely, a trade economist at Syracuse University and the Peterson Institute, aptly pointed out to me by email: “Taxpayers are not made whole when tariff revenue is returned to them. Taxes create excess burden by distorting economic choices. These distortions impose costs beyond any income taken in tariff revenue.

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