Taxes

According to the most recent Polymarket odds, the former President currently has a 65% chance of winning the Presidential election.

During a recent episode of the Joe Rogan Experience, former President Trump said he was serious about eliminating the federal income tax in the United States and replacing the revenue stream with tariffs on imports.

The 2024 Presidential candidate cited the tariff policies of former US President William McKinley during the 1890s as incredibly prosperous for the country and argued that the same policies should be applied today to fund the government. Trump told Rogan that the tariffs created so much revenue that public officials did not know how to spend the funds:

Critics have argued that imposing tariffs on imports will add a hidden tax in the form of increased prices on goods. However, Trump maintains that tariffs can drive dollar demand while protecting domestic workers and making US exports more attractive.

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