Trump Revives Outlandish Proposal: Tariffs to Eliminate Income Taxes?

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On Sunday, President Trump once again suggested that his tariffs could produce sufficient funds to potentially eliminate income taxes, at least for certain individuals. It’s worth noting that this calculation does not hold up.

We're set to earn substantial profits, and we'll reduce taxes for the citizens of this nation," Trump stated to journalists prior to his return flight from Pope Francis’s memorial service in Rome. "This process might require some time, but we will definitely decrease taxes, and it's feasible that we could implement a full tax reduction since I believe the tariffs alone may cover the entire cost of income tax.

Trump made