Trump's tariffs are expected to increase the average hidden tax of $1,300 for American households by 2026.

BlockBeats News, February 12 — According to Fortune, the tax cuts promoted by Trump are being marketed as a key measure to address the affordability crisis and are expected to bring the largest tax refund season in history. However, non-partisan think tank Tax Foundation’s analysis indicates that the burden from tariffs actually offsets the benefits of the tax cuts, effectively acting as an invisible tax increase on American families. On average, each household is expected to bear an additional $1,000 in 2025, rising to $1,300 in 2026. Even after accounting for refunds, the average American still loses about $300. In the long term, tariffs are projected to generate a net $1.9 trillion in fiscal revenue between 2025 and 2034, but the tax cuts will reduce fiscal revenue by $4.1 trillion, resulting in an overall negative impact.