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I'll give you a hint, not the rich and not businesses. So what about the deficit? Well, over the last three years, pre-covid, both the national debt and federal budget remained consistent with pre-existing trends. It means Trump and Republicans didn't national debt, and they didn't federal spending. Surprisingly, I know. Who would have thought? What did happen was a big tax cut to the wealthy and businesses and a big tax hike to everyone else. Yes, Freddie Mercury We Will Rock You Queen Shirt plus billions more through the cost of all the goods and services you consumed throughout the year. You simply don't recognize it as a tax, even though it is. You just see stuff get more expensive, like the cost of steel went up 30. Worse yet, businesses are immune to tariffs. They pay zero. A business will just raise the selling price to offset the cost increase. The company I work for that makes industrial equipment raised prices across the board 10% to cover tariff increases. You pay that 10 in the end. You pay that tax.
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