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Will Trump's tariffs really lower your taxes? Here's what tax experts say.
Mr. Trump's claim about tariffs lowering taxes amounts to "an argument that says, 'If Americans pay more out of their left pocket, the government will be able to put more in their right pocket,'" said Joe Rosenberg, senior fellow at the Urban-Brookings Tax Policy Center, another think tank focused on taxes.
Former Treasury Secretary Janet Yellen weighed in on the Trump administration ... The reciprocal tariffs do not impact Mexico or Canada, which both face a 25 percent import tax on goods not ...
Janet Yellen warned that the risk of a US recession has “gone way up” after Donald Trump’s sweeping tariffs rattled ...
WASHINGTON—President Trump keeps suggesting that tariffs can replace income taxes for most Americans. One big problem: The ...
President Trump floated a new income tax cut Sunday as a way to mitigate the impact of his sweeping tariffs, which polls show ...
"There is a chance that the money from tariffs could be so great that it would replace (the income tax).” The idea may sound appealing, but economists who spoke to USA TODAY say Trump's ...
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