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>> President Trump seeks to shift the government’s reliance on income taxes toward taxes on imported goods. Still, tariffs contribute a relatively small 3.7% of
by tzs 1y ago
>> President Trump seeks to shift the government’s reliance on income taxes toward taxes on imported goods. Still, tariffs contribute a relatively small 3.7% of overall federal revenue, compared with 51% for the individual income tax.
Doesn't he also say tariffs are going to cause manufacturing to move to the US? That seems at odds with tariffs as a replacement for income taxes.