Would Trump's Plan to Replace Income Tax with Tariffs Work?
The Human Action Podcast · Mises Institute
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Show Notes
Bob analyzes President Trump's recent remarks praising the revenue capacity of tariffs. He shows that historically, tariffs only bought in a small fraction of what income taxes currently yield, meaning federal spending would have to be sharply cut in order to phase out the income tax.
- HAPod Ep. 458 on Tariffs vs. Income Taxes: Mises.org/HAP485a
- Brian Domitrovic's Forbes Article, "Supply-Siders Battle Their Tariff Critics": Mises.org/HAP485b
- Trump on Tariffs: Mises.org/HAP485c
- The Chart Shown in this Episode: Mises.org/HAP485d
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