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U.S. President Donald J. Trump delivers the first State of the Union address of his second term to a joint session of Congress in the House Chamber of the United States Capitol in Washington, D.C., U.S.,on Tuesday, Feb. 24, 2026.<\/p>\n
Kenny Holston | The New York Times | Via Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Amid tariff uncertainty<\/a>, President\u00a0Donald Trump<\/a> this week revisited the idea<\/a> of using tariff revenue to help offset income taxes<\/a>.<\/p>\n “As time goes by, I believe the tariffs paid for by foreign countries will, like in the past, substantially replace the modern-day system of income tax,” Trump said during his State of the Union address<\/a>.\u00a0<\/p>\n It’s an idea Trump previously floated<\/a> during his 2024 presidential campaign and has revisited while in office<\/a>. Federal income tax changes would require Congressional action.<\/p>\n Meanwhile, some policy experts say they are skeptical.<\/p>\n “To put it simply, the math just doesn’t work,” said Alex Durante, a senior economist at the Tax Foundation, a nonprofit tax policy think tank. The organization has analyzed Trump’s tariff policy<\/a>, including whether it could replace income tax<\/a>. <\/p>\n<\/div>\n