Trump floats tariff-funded income tax elimination, touting a trillion-dollar revenue hook

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Source: Yahoo Finance
Trump floats tariff-funded income tax elimination, touting a trillion-dollar revenue hook
Photo: Yahoo Finance
TL;DR Summary

Former President Donald Trump floated eliminating the income tax, arguing that tariffs could provide enough revenue to fund the move, including a claimed trillion-dollar figure; experts warn the math and real-world impact of such a shift are unclear and would carry major economic and policy repercussions.

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