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The Economic Times

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Trump floats replacing the Income Tax why these 3 states could lose the most

Donald Trump has talked about replacing income tax with tariff money. This idea has started a new debate among experts. Some US states depend a lot on income tax to run their budgets. If the system changes, these states could face financial pressure. Economists say big changes would not be easy and need approval.

2 Feb 2026 7:48 pm