Trump, tariff
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6don MSN
President Trump thinks tariff revenue could replace individual income taxes. Experts weigh in.
President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.
The federal income tax brought in about $2.4 trillion in 2024, which is more than 14 times what Trump’s second-term tariffs are generating.
The Daily Overview on MSN
Trump says income tax could be cut to 0% thanks to tariffs. Does it add up?
President Donald Trump is again dangling a tantalizing promise in front of voters: tariffs so large and lucrative that Americans could see their federal income tax rate fall all the way to zero. The idea pairs a simple villain,
7don MSN
FACT FOCUS: Trump says tariffs can eventually replace federal income taxes. Experts disagree
President Donald Trump has long praised tariffs as key to increasing wealth in the United States, idealizing Gilded Age policies that preceded the implementation of a modern federal income tax.
PolitiFact | The federal income tax brought in about $2.4 trillion in 2024, which is more than 14 times what Trump’s second-term tariffs are generating.
It’s not clear how that would work or if Trump could afford to do so without worsening the national debt, which he claims his tariffs will also cut.
U.S. President Donald Trump said on Thursday his administration may slash income tax completely over the next couple of years because of government revenue generated from tariffs.
President Trump suggested a future without federal income tax thanks to revenue from his tariffs, but the math doesn't work
The Heritage Foundation's EJ Antoni joined 'Fox & Friends First' to discuss how President Donald Trump can tackle affordability as he takes his economic message to residents in Pennsylvania.