4 ms·
> Getting rid of income tax will require legislation from congress. If we're in the midst of a tariff induced recession, what are the chances his party keeps co
by ivewonyoung 2y ago
> Getting rid of income tax will require legislation from congress. If we're in the midst of a tariff induced recession, what are the chances his party keeps congress in '26?
The optics of Democrats voting against a full tax cut for those earning less than $150K would be interesting to say the least.
- wing-_-nuts 2y agoI mean someone's gotta be the responsible adult in the room right? Every projection I've seen on tariffs doesn't put the revenue generated anywhere near enough to cover cutting income tax. You want to rework the tax system, be my guest, but pay for it, and don't tank the world economy in the process.
- FLT8 2y agoIf the tariffs are able to act as a sustained source of revenue then they're not working to bring manufacturing back to the US. If they work to bring manufacturing back then they're not going to raise much revenue (long term). Either way, the bulk of the pain is going to be borne by average people.