Would Trump’s Tariff-Only Tax System Make You Richer or Poorer? Middle-Class Math, Explained

Kenny Holston and Jessica Koscielniak/CNP / SplashNews.com / Kenny Holston and Jessica Koscielniak/CNP / SplashNews.com Days after the Supreme Court struck down President Donald Trump’s tariffs, the president defended the policy and reiterated during his State of the Union address that he wants tariffs to replace income taxes.“As time goes by, I believe the tariffs paid by foreign countries will, like in the past, substantially replace the modern-day system of income tax, taking a great burden off the peo ...