Statements from political groups, trade organizations, or economic think tanks reported by major news outlets

Trump Considers Completely Replacing Federal Income Taxes with Tariffs to Fund Government

Oct 26, 2024, 03:02 AM

Former President Donald Trump has expressed serious consideration of replacing federal income taxes completely with tariffs. In a recent interview with Joe Rogan, Trump confirmed that he is contemplating this significant policy shift. When asked by Rogan if he was serious about the idea, Trump responded affirmatively, stating, 'Sure, why not?' This proposal, which includes funding the government through tariffs, marks a notable departure from traditional tax policies and could have substantial implications for the U.S. economy. Trump's remarks have sparked widespread discussion about the feasibility and potential impact of such a change.