The Trump Administration Hides Decreased Corporate Tax Revenue

The Trump administration often highlights the revenue from tariffs, but hides the decrease in corporate income tax due to increased tariff-related expenses. By June 2025, covering three quarters of the fiscal year, corporate tax revenues have dropped by over $30 billion compared to the previous year.

Therefore, while the government might be earning extra revenue from tariffs, it is US companies that are covering the costs, resulting in them paying less in taxes.