Trump floats replacing the entire income tax with import tariffs
During America's 1800's Golden Age the federal government was almost entirely funded by import tariffs. The result was double-digit economic growth and a federal government that was ten times smaller
Trump floats replacing the entire income tax with import tariffs.
— Peter St Onge, Ph.D. (@profstonge)June 21, 2024
Would it work?
In fact, during America's 1800's Golden Age the federal government was almost entirely funded by import tariffs.
The result was double-digit economic growth and a federal government that was ten… pic.twitter.com/KxGf2jxYOj
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