TRUMP SAYS TARIFF REVENUE COULD REPLACE INCOME TAXES. WHY ECONOMISTS DISAGREE.
https://s.yimg.com/ny/api/res/1.2/_.r2RRojInBo.PvtBl5Fvg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/usa_today_money_325/cfebf25270cbc78d1a1d0cade9cb92ec
✍️ President Trump suggests that tariffs could replace income taxes, but economists argue that the math doesn't work and it would be impossible to raise enough revenue.
👉 Tariffs would struggle to raise enough money to eliminate income taxes 👉 The math just doesn't work, as revenue generated from tariffs would be significantly lower than revenue generated from income taxes 👉 Tariffs would likely hurt lower-income households 👉 Tariffs would likely lead to a recession and decreased employment rates 👉 The revenue generated from tariffs would be significantly lower than the revenue generated from income taxes
-- #PresidentDonaldTrump #EricaYork #PeterNavarro #KeithMaskus #ErnieTedeschi #KimberlyClausing #HowardLutnick #politics
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