CoinOtag
2025-11-28 09:36:19

Trump Considers Slashing or Eliminating Income Tax with Surging Tariff Revenue

U.S. President Donald J. Trump is proposing to slash or eliminate federal income tax over the next few years, using surging tariff revenues to offset the loss. October 2025 saw customs duties hit $31–$34 billion, fueling this bold economic shift. Trump's tariff regime enacted in 2025 has driven record-high monthly revenues, potentially replacing income tax [...]

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