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Trump says tariffs could eliminate income taxes within years, citing revenue from trade barriers.
President Donald Trump said during a Thanksgiving call with military members that the U.S. could substantially or completely eliminate income taxes within a few years, citing large revenues from recent tariffs as the funding source.
He did not specify which tariffs or how the transition would work, but reiterated that tariff income could replace lost tax revenue, particularly for low- and middle-income Americans.
The proposal is part of his broader economic agenda promoting protectionist trade policies to boost federal income and reduce reliance on income taxes.
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Trump dice que los aranceles podrían eliminar los impuestos sobre la renta dentro de unos años, citando ingresos de las barreras comerciales.