If Trump becomes president again and eliminates income taxes, yo

North Wildwood - If Trump becomes president again and eliminates income taxes, you are likely to see higher prices at the pump. Just like with other goods and services, prices will increase to offset the loss of income tax dollars.With tariffs, most companies face a higher cost of doing business. While it’s obvious that tariffs would increase the cost of imported goods, they are also almost certain to raise the costs of domestic ones. That’s because the demand would increase, putting a crunch on the supply and leading to higher prices.