Donald Trump, tax refund and America
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President Trump proposes eliminating income tax entirely, suggesting tariff revenue could replace traditional taxation in ambitious economic overhaul plan.
We’re going to have this hodgepodge, weird year of rules that’s going to make reporting very difficult for employees."
President Donald Trump has recently claimed his tariffs will generate so much money that Americans could soon stop paying federal income taxes. But experts say he's overpromised.
Experts have suggested tariff revenue would be unable to match the over $2 trillion generated by income taxes annually.
And will there be a catch to this tax holiday?
It’s not clear how that would work or if Trump could afford to do so without worsening the national debt, which he claims his tariffs will also cut.
Joseph Schwartz has a pending jail sentence in Arkansas after the former nursing home mogul from Rockland County was pardoned, released from prison.
Politicians wanted to give kids a $1,000 kick-start on investing. The way Congress did it is complicated.