Tariff and Spend

President Trump has proposed using the revenue from his increased tariffs to lower or even eliminate income taxes — with a priority on removing Americans making less than 200,000 dollars a year from the tax rolls. Exempting more Americans from income taxes — and lowering taxes on other Americans— is certainly a worthwhile endeavor. However, replacing income taxes with tariffs may have negative consequences for the very Americans President Trump wants to help.

Replacing with tariffs what the gove...