The dollars and cents of abolishing the income tax and imposing tariffs.
Will former President Donald Trump return the US tax code to where it was before 1913? The presumptive Republican presidential nominee briefly floated the idea of putting the kibosh on the income tax and replacing it with a tariff. While an unlikely public policy proposal, it does generate exciting possibilities for the United States economy and the millions of people who see their hard-working dollars and cents confiscated by Uncle Sam every paycheck.
Various media reports have suggested that the 45th president proposed implementing an “all tariff policy” that would prompt Washington to ditch the income tax. He reportedly touched upon the subject in a meeting with GOP lawmakers at the Capitol Hill Club in the nation’s capital on June 13.
Rep….
