Would Trump's Plan to Replace Income Tax with Tariffs Work?
About this episode
Bob analyzes President Trump's recent remarks praising the revenue capacity of tariffs. He shows that historically, tariffs only bought in a small fraction of what income taxes currently yield, meaning federal spending would have to be sharply cut in order to phase out the income tax.
- HAPod Ep. 458 on Tariffs vs. Income Taxes: Mises.org/HAP485a
- Brian Domitrovic's Forbes Article, "Supply-Siders Battle Their Tariff Critics": Mises.org/HAP485b
- Trump on Tariffs: Mises.org/HAP485c
- The Chart Shown in this Episode: Mises.org/HAP485d
Use code Action25 to get 10% off your ticket to Educating for Liberty Mises Circle in Tampa on February 22: Mises.org/Tampa25
The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
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