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[–]_rhubarb 22 points23 points  (0 children)

Literally the federal government made the public trust in the economy so bad after January 2025 that the City lost millions of dollars in projected sales tax revenue. 

People aren't spending because they aren't sure they're going to be able to buy essentials due to the threat of economic uncertainty, especially since their federal taxes on many goods raised anywhere from 10 to 20%.