But right now the White House is putting out a memo saying that tariff revenue over the next 10 years will be about $2.8 trillion. Again, that compares to a $22 trillion deficit. And by the way, If you extend the tax taxes, they admit that the baseline goes up to about $25 trillion. So it might reduce. REV. It might reduce the deficit by about 10%. Again, it's still not adequate. And the tariff revenue is very problematic. (06:30–06:36)
CLAIM
Asserts that extending taxes would increase the deficit baseline to $25 trillion.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
