Trump Plans Income Tax Elimination Via Tariffs | JQJO

President Trump reiterated his ambition to eliminate US income tax, suggesting tariffs could replace the lost revenue. Economists dispute this, calculating that tariffs would need to be over 100% on all imports to match income tax revenue, far exceeding current levels. This would likely stifle consumer spending and negatively impact the economy. Trump acknowledges the challenges and suggests a phased approach, starting with tax cuts for those earning under $200,000, while also using tariffs to reduce national debt.