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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (49269)	12/5/2025 9:56:42 AM
From: Les H	Read Replies (1) \| Respond to of 49724

FACT FOCUS: Trump says tariffs can eventually replace federal income taxes. Experts disagree President Donald Trump has long praised tariffs as key to increasing wealth in the United States, idealizing Gilded Age policies that preceded the implementation of a modern federal income tax By MELISSA GOLDIN Associated Press December 3, 2025 FACT FOCUS: Trump says tariffs can eventually replace federal income taxes. Experts disagree - ABC News If he wants a return to the 19th century budgets, he would have to more than cut the military budget in half. That still wouldn't fix the fiscal deficit as the run up in debt and interest is largely due to the discretionary budget by taking in too few tax revenues to cover the spending on the military and other discretionary programs.