Trump's big claims: US President says tariffs can replace federal income taxes — but do the numbers back him?
Trump's big claims: US President says tariffs can replace federal income taxes — but do the numbers back him?
President Trump is again suggesting tariffs could replace federal income taxes, claiming rising tariff revenue will eliminate income tax needs. However, federal data shows individual income taxes are the primary funding source, with tariffs contributing a small fraction. Experts deem the proposal mathematically and economically unworkable, citing disproportionate burdens on lower-income households and risks to economic growth.
President Trump is again suggesting tariffs could replace federal income taxes, claiming rising tariff revenue will eliminate income tax needs. However, federal data shows individual income taxes are the primary funding source, with tariffs contributing a small fraction. Experts deem the proposal mathematically and economically unworkable, citing disproportionate burdens on lower-income households and risks to economic growth.
President Trump is again suggesting tariffs could replace federal income taxes, claiming rising tariff revenue will eliminate income tax needs. However, federal data shows individual income taxes are the primary funding source, with tariffs contributing a small fraction. Experts deem the proposal mathematically and economically unworkable, citing disproportionate burdens on lower-income households and risks to economic growth. 
