“The only fair tax is a tax based upon consumption. Every state has one and it’s called a sales tax.”
The founding fathers understood this principle. This is one reason the federal government was funded with tariffs and duties until the Constitution was amended in 1913 (16th Amendment) to allow an income tax. Not only is a tariff a consumption tax, it is a tax on foreign factories desiring to do business in the US market. It can be considered an access fee for doing business in the US.
Lowering income tax rates is good economic policy. Lowering rates further, and raising tariffs, would be even better economic policy.
Well, no matter what anyone thinks about The Donald and his plan, he sure has us talking about it.
And that’s called Leadership.