On Thanksgiving, Trump floated the notion that the US could replace all income tax with tariffs, and even The Wall Street Journal’s editor James Freeman had to admit that the math “doesn’t work” unless you want to dramatically slash most government programs.
Of course, Freeman didn’t have any problem with that happening, and praised the notion as somehow being a great idea, rather than an awful regressive tax that would harm the working class and continue to make Trump’s rich buddies even richer.
Here’s the back and forth with Freeman and guest host Alicia Acuna on this Friday’s America Reports on Fox after Acuna played a video of Trump discussing his plans:
FREEMAN: Yeah, it’s a beautiful spirit. I think we can appreciate it, and probably people on Thanksgiving may have been toasting the possibility of the end of the income tax. Maybe some of those shoppers were feeling so flush they thought income taxes might go away, so they went out to spend. But look, President Trump has already delivered a lot in terms of income tax relief… trillions of dollars.
