Trump floats eliminating U.S. income tax and replacing it with tariffs on imports
- Donald Trump proposed replacing the federal income tax with tariffs on imports, as mentioned by Representatives Thomas Massie and Marjorie Taylor Greene.
- Trump discussed implementing tariff hikes, extending 2017 tax cuts, and creating a tax exemption for tipped wages during a meeting with House Republicans in Washington.
- Implementing tariff increases to offset income taxes may be challenging since the US collects more revenue from individual levies than from imported goods.
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Coverage Details
Total News Sources0
Leaning Left5Leaning Right9Center7Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 24%
C 33%
R 43%
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