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Trump Proposes Replacing Personal Income Tax with Tariffs
12/07/2025, 14:05
AI SUMMARY
●Trump suggests tariff revenues could replace personal income tax
●Proposal aims to eliminate income tax in the near future
●Statement indicates a potential major shift in US fiscal policy
President Trump has stated that tariff revenue will soon eliminate the need for personal income tax in the United States. Speaking on the matter, he suggested that this major fiscal shift could occur "at some point in the not too distant future."
This proposal represents a radical restructuring of U.S. government revenue sources. Such a policy change would have profound implications for global trade dynamics and domestic economic conditions.