We've 'been down this road before': Economist on Trump's tariff 'dividends' proposal

Economic Policy and Tariffs - The government is experiencing large monthly deficits that exceed tariff revenue, raising concerns about fiscal sustainability [1][3] - Instead of issuing rebate checks, the government should focus on using tariff revenue to reduce the deficit, which would lower borrowing needs and interest rates, providing real economic relief [4][5] - A tax cut that reduces marginal rates could incentivize work and increase production, leading to lower prices and economic growth [5] Job Market Trends - Claims that blue-collar jobs are plunging for the first time since the pandemic are misleading; manufacturing has been in contraction since early 2023, with ongoing job losses [9][10] - The trend of job losses in blue-collar sectors has persisted for nearly three years, contradicting assertions of a sudden downturn [10][12] - Future job recovery in blue-collar sectors is anticipated due to pro-growth measures in the new tax bill and adjustments in tariff strategies, regardless of Supreme Court decisions [13]