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No income tax for Americans finally? Trump again touts tariff revenue as path to ending income tax; signals when it could happen

US President Donald Trump is suggesting significant cuts to federal income tax. He believes revenue from tariffs could replace lost income tax funds. Trump has previously stated that tariffs alone created wealth for the country. He proposes a tariff dividend of at least $2,000 per person, excluding high earners. This policy aims to boost revenue and encourage domestic product purchases.