Trump says tariffs can eventually replace federal income taxes. Experts disagree
NeutralU.S News
- President Donald Trump has reiterated his belief that tariffs could eventually replace federal income taxes, drawing inspiration from economic policies of the Gilded Age. He argues that such tariffs could significantly enhance wealth in the United States, a notion that has sparked considerable debate among experts.
- This development is significant as it reflects Trump's ongoing advocacy for tariffs as a primary economic strategy, potentially reshaping fiscal policy discussions and influencing public opinion on taxation and trade.
- The proposal to replace federal income taxes with tariffs aligns with a broader historical context of economic policies that prioritize protectionism, raising questions about the sustainability of such an approach and its implications for economic equity and growth.
— via World Pulse Now AI Editorial System







