Trump Tariffs Add to Tax Season Pressure

​What can federal and state governments do to ease the economic strain on your wallet?

It’s a big week for tariffs as President Trump has announced a series of tariffs set to take effect on April 2. With federal income taxes already on our minds this month, these tariffs are another tax on American consumers and families.

Speaking of taxes, we’re still awaiting the renewal of the 2017 Tax Cuts and Jobs Act before it expires at the end of the year. Will a Republican-led Congress manage to make these cuts permanent? Meanwhile, many states are considering eliminating income and property taxes. This could provide much-needed relief for Americans grappling with rising prices due to inflation—but it must be balanced with lower government spending.

I discuss these issues and more on this week’s episode of This Week’s Economy. From Texas's record-high budget to AI regulation at the state level, tune in to stay informed about the week’s most pressing topics.

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