Politics

NEWYou can now listen to Fox News articles! FIRST ON FOX: Texas Rep. Nathaniel Moran is turning tariffs into a debt-cutting tool, unveiling legislation that would funnel billions in new trade revenues into a trust fund aimed solely at shrinking America’s staggering $37 trillion national debt.The Tariff Revenue Used to Secure Tomorrow (TRUST) Act would establish a special account at the Treasury Department called the Tariff Trust Fund. Starting in fiscal year 2026, any tariff money collected above the 2025 baseline level would automatically go into this fund. By law, that money could only be spent in one way: to…

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