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Can Tariffs and DOGE Eliminate the Income Tax?
by Peter Schiff, Schiff Gold: Freshly-confirmed U.S. Commerce Secretary Howard Lutnick recently appeared on CBS News, declaring that President Trump aims to eliminate income taxes for Americans earning less than $150,000 per year. Lutnick touted Trump’s vision for tariffs to replace the revenue lost from this massive tax cut. “That’s his goal. That’s what I’m working for.” […]