Odaily Planet Daily News Analysis points out that Trump's tax reform concept could provide full or partial income tax relief for approximately 93.2 million Americans, which constitutes a large portion of U.S. voters. As part of his economic outreach to voters, Trump proposed a comprehensive tax reform that includes a series of income tax reductions. So far, Trump has officially proposed eliminating income taxes on tips, Social Security benefits, and overtime pay. Last week, in an interview with the sports media site OutKick, Trump stated that he would consider tax cuts for firefighters, police officers, military personnel, and veterans. These exemptions are part of Trump's larger vision to transition away from the income tax system, replaced by revenue generated from tough tariff proposals. Trump promised to impose a universal 20% tariff on all imported goods from all countries, with a specific 60% tariff on imports from China. Tax experts do not believe that tariff revenue can offset the losses from eliminating income taxes. Garrett Watson, a senior policy analyst at the nonpartisan Tax Foundation, stated in an interview, "This plan won't work." He said that Trump's tariffs will generate about $3.8 trillion in revenue over the next decade, far below the estimated $33 trillion in revenue from income taxes during the same period. According to Tax Foundation data, the tax exemptions for tips, overtime pay, and Social Security benefits will reduce federal tax revenue by $2 trillion over the next decade. Considering Trump's tariff plan and other tax reduction measures, his overall plan would lead to a reduction of about $3 trillion in federal tax revenue between 2025 and 2034. While proposing to weaken the income tax system, Trump also promised to permanently implement the 2017 tax cut policy that is set to expire in 2025. However, even if Trump defeats Harris in the November elections, his tax reform plan will not be able to be implemented under a Republican majority in the House, where all tax bills must originate. Currently, the Republican Party holds a narrow majority in the House. (CNBC)