https://www.taxtmi.com/news?id=64395 Democrats' calculations, using Treasury revenue data and private-sector incidence estimates, attribute roughly USD 159 billion in consumer-borne tariff costs - about USD 1,198 per household - for February through November, and academic estimates place the annualized burden higher; the measures reflect a shift to widespread double-digit tariffs justified as industrial protection and revenue, while critics characterise them as a regressive tax raising living costs. en-us Thu, 11 Dec 2025 17:31:03 +0530 Thu, 11 Dec 2025 17:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=64395 Democrats' calculations, using Treasury revenue data and private-sector incidence estimates, attribute roughly USD 159 billion in consumer-borne tariff costs - about USD 1,198 per household - for February through November, and academic estimates place the annualized burden higher; the measures reflect a shift to widespread double-digit tariffs justified as industrial protection and revenue, while critics characterise them as a regressive tax raising living costs. News - Thu, 11 Dec 2025 17:31:03 +0530 https://www.taxtmi.com/news?id=64395