The Largest Peacetime Tax Hike in History

“White House aide Peter Navarro claimed Sunday that President Donald Trump’s new tariffs would raise more than $6 trillion in federal revenue over the next decade, a figure that experts said would almost certainly represent the largest peacetime tax hike in modern U.S. history,” the Washington Post reports.

Said budget expert Jessica Riedl: “We’ve never seen a president propose such a drastic tax increase at a time where there is no national emergency requiring it.”