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The Revenue Framework / Re: Economics and politics – Do the politicians speak to the economists?
« Last post by John Short on February 13, 2026, 09:44:48 GMT »Perhaps the subject matter should have defined and expanded politicians better given the Largest Deregulation that was enacted yesterday! Politicians and Property Developers/Real Estate Agents? One would expect politicians to have some appreciation of public policy and it wider impact including externalities which would not interest PD and REAs. That would be a GREAT DEAL.
Interesting report also from New York Federal Reserve Report on Tariffs
The Federal Reserve Bank of New York's report on tariffs highlights that nearly 90% of the economic burden from tariffs in 2025 was borne by U.S. companies and consumers. This finding contradicts the Trump administration's claims that foreign companies and exporters would bear the full cost of tariffs. The report indicates that U.S. importers absorbed 94% of tariff costs in the first eight months of the year, with the burden shifting slightly to exporters by November. The study suggests that higher tariffs have accelerated supply chain shifts away from China toward countries like Mexico and Vietnam. The report's findings challenge the rationale for Trump's protectionist trade policies, which have faced growing bipartisan opposition in Congress.
Other research support this:
The Kiel Institute for the World Economy, an independent research firm in Germany, said in a report, external last month that it had found "near-complete pass-through of tariffs to US import prices."
Kiel researchers analysed 25 million transactions and found that in exporting countries like Brazil and India, the price of goods from those countries did not decline.
"Trade volumes collapsed instead," the Kiel report said, meaning exporters preferred to cut the amount of goods being shipped into the US rather than lower prices.
The National Bureau of Economic Research also found that the pass-through of tariffs was "almost 100%", meaning the US is paying, external for the increase in prices, not exporting countries.
Similarly, the Tax Foundation, a Washington DC-based think tank focused on US tax policy, found that increased tariffs on goods in 2025 increased costs, external for every American household.
Defining tariffs as a new tax on consumers, the Tax Foundation said the 2025 increases cost the average household $1,000 (£734.30). In 2026, tariffs will cost th same household $1,300.
Did not get any mention along with the Largest Deregulation presentation. Wonder why?
Interesting report also from New York Federal Reserve Report on Tariffs
The Federal Reserve Bank of New York's report on tariffs highlights that nearly 90% of the economic burden from tariffs in 2025 was borne by U.S. companies and consumers. This finding contradicts the Trump administration's claims that foreign companies and exporters would bear the full cost of tariffs. The report indicates that U.S. importers absorbed 94% of tariff costs in the first eight months of the year, with the burden shifting slightly to exporters by November. The study suggests that higher tariffs have accelerated supply chain shifts away from China toward countries like Mexico and Vietnam. The report's findings challenge the rationale for Trump's protectionist trade policies, which have faced growing bipartisan opposition in Congress.
Other research support this:
The Kiel Institute for the World Economy, an independent research firm in Germany, said in a report, external last month that it had found "near-complete pass-through of tariffs to US import prices."
Kiel researchers analysed 25 million transactions and found that in exporting countries like Brazil and India, the price of goods from those countries did not decline.
"Trade volumes collapsed instead," the Kiel report said, meaning exporters preferred to cut the amount of goods being shipped into the US rather than lower prices.
The National Bureau of Economic Research also found that the pass-through of tariffs was "almost 100%", meaning the US is paying, external for the increase in prices, not exporting countries.
Similarly, the Tax Foundation, a Washington DC-based think tank focused on US tax policy, found that increased tariffs on goods in 2025 increased costs, external for every American household.
Defining tariffs as a new tax on consumers, the Tax Foundation said the 2025 increases cost the average household $1,000 (£734.30). In 2026, tariffs will cost th same household $1,300.
Did not get any mention along with the Largest Deregulation presentation. Wonder why?