If Trump had his way, taxes on middle-income households would ri

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Middle Township - If Trump had his way, taxes on middle-income households would rise by $5,100 to $8,300 a year, according to the Center for American Progress Action Fund, a liberal advocacy group. By contrast, the top 0.1% of households would see their taxes cut by about $1.5 million a year, per the analysis, which notes that it would not actually be possible, mathematically, to replace all income taxes with tariffs alone. Trump's separately proposed 10% tax on all imports, and 60% tax on all imports from China, specifically, would also raise costs for average Americans

Print Publication Date: 
6/26/2024
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