Institute on Taxation and Economic Policy (ITEP)

December 4, 2025

The Associated Press: FACT FOCUS: Trump Says Tariffs Can Eventually Replace Federal Income Taxes. Experts Disagree

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Tariff revenue doesn’t even come close to where it would need to be if federal income taxes were eliminated, and experts say such a plan isn’t at all feasible.

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Quoted Staff Member

Steve Wamhoff
Steve Wamhoff

Federal Policy Director