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Market
What will be the public opinion on Trump's tax proposal by end of 2024?
4
Resolution / Starting Odds
Majority Support • 33%
Divided Opinion • 33%
Majority Opposition • 33%
National polls from reputable sources like Gallup, Pew Research
Story
Trump Proposes Replacing U.S. Income Tax with Import Tariffs if Elected
Jun 14, 2024, 12:31 AM
In a private meeting on Thursday, former President Donald Trump proposed eliminating the U.S. income tax and replacing it with tariffs on imports if elected. The proposal, which signals a more protectionist trade agenda, suggests that the U.S. could leverage tariffs for negotiating power. According to sources, the U.S. collects approximately $2.6 trillion in income taxes annually, while imports total around $3.8 trillion. Implementing this policy would require a 47% tariff on imports to replace the revenue generated by income taxes. Trump's proposal, reported by CNBC, has sparked significant debate and reactions among political and economic commentators.
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Similar markets
Majority Support • 33%
Majority Oppose • 33%
Evenly Split/Undecided • 34%
Favorable • 33%
Unfavorable • 33%
Neutral/No opinion • 34%
Majority views negatively • 50%
Majority views neutrally or positively • 50%
Majority Support • 33%
Majority Oppose • 33%
No Clear Majority • 34%
Positive • 33%
Negative • 33%
Neutral/Mixed • 34%
Significantly less favorable • 25%
Somewhat less favorable • 25%
No change • 25%
More favorable • 25%
Support • 33%
Oppose • 33%
Neutral/No Comment • 34%
Passes in both House and Senate • 33%
Passes in House but not Senate • 33%
Fails in both House and Senate • 33%
Majority support • 33%
Evenly split • 33%
Majority oppose • 33%
Strongly Support • 25%
Somewhat Support • 25%
Somewhat Oppose • 25%
Strongly Oppose • 25%
Increase support for carbon tax • 33%
Decrease support for carbon tax • 33%
No significant change • 34%