TARIFFS WON’T REPLACE THE INCOME TAX — AND THE MATH ISN’T EVEN CLOSE
December 2025The Trump administration is celebrating $31.4 billion in tariff revenue for October — the highest monthly take on record since modern reporting began. Supporters are touting this as transformative: proof that tariffs can fund the government, eliminate income taxes, and send “dividend checks” back to Americans.But set aside the applause and look at the […]
