Donald Trump, Tariffs and Income Tax
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President Trump proposes eliminating income tax entirely, suggesting tariff revenue could replace traditional taxation in ambitious economic overhaul plan.
The president believes tariff revenue could completely replace federal income taxes within four years, despite current tariffs bringing in just one-tenth of what would be needed.
Pres. Donald Trump teased an end to income tax in the "not too distant future" while touting the success of tariffs.
Trump announces record tax refunds coming for Americans as One Big Beautiful Bill Act provisions take effect, promising the largest refund season ever in 2026.