Trump Gets a Tentative Win From CBO's New Tax and Tariff Estimates

The nonpartisan Congressional Budget Office handed Republicans a major political talking point Wednesday, with projections that showed the possibility for President Donald Trump’s tariffs to bring in more federal revenue than will be lost by his giant tax-cut plan.

One notable caveat: the CBO assessment assumes that tariffs remain at very high levels for the next decade — something administration officials have not explicitly said is their intention. Treasury Secretary Scott Bessent has said that Trump “uses tariffs to negotiate.”