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Treasury secretary says U.S. won't raise taxes to fund Iran war
NBC News· 2026-03-23 11:02
Would the administration ever raise taxes in order to fund this war. >> Again, Kristen, the uh terrible framing. I I think that >> Well, it's it's just a qu it's a simple question that I think a lot of people have. >> Well, the it's a ridiculous question.>> Well, what what can you answer it. >> Uh why would we do that. that the that we have plenty the we have a trillion dollars the in this year's budget for the military and President Trump even before the conflict started had said that he would like to furt ...
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Bloomberg· 2026-02-15 14:07
Canada will spend more of its growing military budget with domestic firms under a strategy meant to unleash more than C$500 billion ($369 billion) in investment over a decade. https://t.co/5wrjYodKtN ...
X @Bloomberg
Bloomberg· 2026-02-02 03:35
Taiwan’s opposition parties have advanced a bill that would slash a special military budget, potentially jeopardizing the purchases of billions of dollars of US weapons aimed at deterring the threat of invasion by China https://t.co/ZgWc1H2S91 ...
If the Supreme Court rules against Trump’s tariffs it could threaten one third of his proposed military budget
Yahoo Finance· 2026-01-08 11:15
Core Viewpoint - The U.S. Supreme Court is expected to rule on the constitutionality of President Trump's tariff regime, which could significantly impact his proposed military budget of $1.5 trillion, potentially jeopardizing up to one-third of it [1][2]. Group 1: Tariff Regime and Military Budget - Trump aims to increase military spending from $1 trillion to $1.5 trillion, attributing the increase to revenue generated from tariffs, which he claims are substantial [2]. - Observers anticipate that the Supreme Court may strike down or limit Trump's tariff regime, as justices expressed skepticism regarding the White House's authority to impose trade taxes without Congressional approval [2][3]. - Current tariff revenue is reported at $30.4 billion per month, leading to an annualized rate of $364.5 billion, which is below the additional $500 billion Trump seeks for military spending [4]. Group 2: Industry Impact and Defense Stocks - Approximately 1,000 companies are petitioning the court to eliminate the tariffs, which could lead to a complex repayment process for the government if successful [4]. - Trump's warning about the potential national security implications of refunding tariffs highlights the stakes involved in the court's decision [4]. - U.S. defense stocks experienced a sharp sell-off due to an executive order signed by Trump, which may restrict stock buybacks and limit executive compensation for military supply chain companies if they fail to meet production standards [5].
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Bloomberg· 2025-12-18 08:18
Russia will be paying for its invasion of Ukraine for years to come, as the government plugs a widening gap in the military budget https://t.co/fPtfOPx8Py ...