Trump administration's trade policy produces monthly revenue of $29.6 billion in July as officials explore debt reduction ...

At this time, it appears that meaningful tariff revenue has the potential to offset the deficit-raising aspects of the recent ...

Former Treasury Secretary Larry Summers expressed skepticism over the US government's decision to take a 10% equity stake in ...

A budget deal is yet to be reached for the upcoming fiscal year, although September budget deals have been reached previously ...

Keynesian economists like to claim that government budget surpluses amount to “national savings.” However, real savings are ...

The federal government is missing out on collecting about $1.5 billion in tobacco tax revenue due to inconsistent tax ...

Sports betting is legal in 38 states and Washington, D.C., but the exact amount of tax revenue varies significantly.

Tariff revenue right now is a tiny fraction of that debt, which stands near $37 trillion. While any revenue can help the government fiscally, tariff revenue will barely make a dent in that total.

Republicans could also raise revenue specifically for transportation infrastructure by increasing road-user fees and gas or mileage taxes. (The gasoline tax has been frozen at 18.4 cents a gallon ...