Part 2/9:
At the heart of Trump’s plan is the idea of replacing or drastically reducing the income tax, which currently funds a large portion of government operations. He painted a vivid picture, likening the strategy to an enticing tease — “like talking dirty,” as one speaker noted — where taxpayers would be told they wouldn’t have to pay income taxes anymore because tariffs would generate enough revenue.
Trump emphasized that tariff revenue could be so substantial that it could fund an almost complete or total removal of income taxes. He expressed confidence that tariffs could generate trillions of dollars yearly, sufficient not only to cover existing government expenditures but also to create the possibility of significant tax cuts.