Would Trump’s Plan To Replace Income Tax With Tariffs Work?

Historically, tariffs only bought in a small fraction of what income taxes currently yield, meaning federal spending would have to be sharply cut in order to phase out the income tax.

Image Source: Pexels


Bob analyzes President Trump’s recent remarks praising the revenue capacity of tariffs. He shows that historically, tariffs only bought in a small fraction of what income taxes currently yield, meaning federal spending would have to be sharply cut in order to phase out the income tax.

Video Length: 00:36:38


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