Trump's Proposed All-Tariff Policy Faces Political and Practical Challenges
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#3d0b08bc ver:0.82

Former President Donald Trump's proposed "all-tariff policy" to replace income taxes with tariffs would burden ordinary Americans, increase economic inequality, and disrupt global supply chains. The policy would require tariffs of 120-130% on imported goods, effectively imposing a sales tax of up to 130%. It would raise taxes by $5,000 for a typical family while cutting taxes for the top 0.1% by $1.5 million. Economists warn of catastrophic consequences and question the feasibility of revenue neutrality. The proposal is seen as economically illiterate and a threat to the average taxpayer and the U.S. economy. #Trump #tariffs #taxes #economicinequality...

#newstr #DonaldTrump #GopLawmakers #TaxSystem #Tariffs #Economy 

 https://here.news/story/3d0b08bc?ver=0.82