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↵↵A recent analysis from the Budget Lab, a nonpartisan policy group at Yale University, estimates that the recent ruling would erase more than half of projected revenue increases from fiscal 2026 to fiscal
Meanwhile, the Budget Lab at Yale University projected that all of the 2025 tariffs announced through Aug. 6 would raise at most $2.7 trillion over the 10 years between 2026 and 2035.
Senate Republicans are aiming for a second budget resolution, starting with fiscal 2026, later this year that would contain reconciliation instructions for the expected tax package.