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GovCon and Tariffs

GovCon and Tariffs

by | Mar 24, 2025 | Contracting Officer Insight

Tariffs are a tax on goods that enter the country. They are not new. In 1913, the Underwood Tariff Act essentially moved us from using tariffs to raise taxes and instead use federal income tax. This lowered tariffs from 40% to 25%.   Currently, federal revenue...