Trump's proposed tax reform aims to exempt 93.2 million Americans from income taxes, a move that could significantly alter the tax landscape. However, economists express skepticism about the viability of replacing income tax with tariffs, citing concerns over economic stability and potential trade repercussions. Tariffs could disproportionately affect lower-income consumers by increasing prices on imported goods, raising questions about the fairness and sustainability of such a system. As policymakers consider these changes, the implications for both revenue generation and social equity remain central to the debate.

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