So if you're going through the process, tariffs are a tax. I'd like to introduce, Mr. Chair, two documents from the New York Federal Reserve. 90% of the cost of the tariffs last year fell on American consumers and businesses. And another from the Tax foundation, The average in 2025 was $1,000 per American tax. Household. If I could introduce. Objection. So you're going through a process to decide what are you going to tax next? (02:12–02:17)
CLAIM
Asserts that 90% of tariff costs fell on American consumers and businesses.
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