Trump’s Tariff-Only Funding Plan: Economic Illiteracy or Calculated Gambit?
During a Nevada rally, President Trump endorsed a proposal to eliminate all federal income taxes. This suggestion followed a crowd member’s request to suspend all federal taxes, prompting Trump to propose funding the government solely through tariffs on imported goods. He cited a historical period without income tax, suggesting tariffs could generate sufficient revenue. Trump argued this system, while not without drawbacks, led to a period of great American prosperity.
John Q. Hosedrinker