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Trump floats eliminating U.S. income tax and replacing it with tariffs on imports
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| Contributor | RP |
| Last Edited | RP Jun 14, 2024 01:41pm |
| Category | Proposed Legislation |
| News Date | Jun 13, 2024 10:00am |
| Description | Donald Trump on Thursday brought up the idea of imposing an “all tariff policy” that would ultimately enable the U.S. to get rid of the income tax, sources in a private meeting with the Republican presidential candidate told CNBC.
Trump, in the meeting with GOP lawmakers at the Capitol Hill Club in Washington, D.C., also talked about using tariffs to leverage negotiating power over bad actors, according to another source in the room.
The remarks show Trump, who championed tariffs as a foreign policy multi-tool during his first term in office, is considering a drastically more protectionist trade agenda if he defeats President Joe Biden in November. |
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