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GOBankingRates
GOBankingRates
Karen Doyle

What Trump’s Income Tax Plan Means for the Economy and Your Wallet

Francis Chung / Pool via CNP / SplashNews.com

When President Trump shared that he was considering instituting a policy of tariffs that would lead to the elimination of the federal income tax during his last presidential campaign, it may have seemed economically far-fetched to many financial experts. However, from behind the desk in the Oval Office, it seems he’s looking to keep some of the promises he made.

Learn More: Here’s How Much Every Tax Bracket Would Gain — or Lose — Under Trump’s ‘Big, Beautiful Bill’

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