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With Trump now floating the idea that he might get rid of income taxes entirely, we take another look at his economic policies surrounding taxes and tariffs, and explain why they’ll probably mean more inequality, more inflation and more debt in America.
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Sources:
1 – https://abcnews.go.com/Business/trump-proposes-eliminating-personal-income-taxes-work/story?id=115217463
2 – https://www.bloomberg.com/features/2024-trump-interview-transcript/
3 – https://www.bloomberg.com/news/articles/2024-02-04/trump-floats-chinese-goods-tariff-of-more-than-60-if-elected
4 – https://www.nber.org/system/files/working_papers/w28680/w28680.pdf
5 – https://economics.yale.edu/sites/default/files/2023-01/The%20Efficiency-Equity%20Tradeoff%20of%20the%20Corporate%20Income%20Tax.pdf
6 – https://www.piie.com/blogs/realtime-economics/2024/how-much-would-trumps-plans-deportations-tariffs-and-fed-damage-us
7 – https://www.theatlantic.com/politics/archive/2024/09/economic-arguments-tariffs-trump/680015/
8 – https://www.piie.com/blogs/realtime-economics/2024/can-trump-replace-income-taxes-tariffs
9 – https://www.crfb.org/papers/fiscal-impact-harris-and-trump-campaign-plans
