President Donald Trump has announced that his administration may “substantially cut” — and possibly even eliminate — income tax, citing revenue from tariffs as the financial foundation for such a move. The proposal represents one of the most radical shifts in U.S. tax policy in history, sparking debate over whether tariffs alone can replace trillions in annual tax revenue. Supporters hail the idea as bold relief for taxpayers, while critics warn of economic risks and global trade fallout.

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