Birdwatch Note Rating
2025-02-03 21:33:21 UTC - HELPFUL
Rated by Participant: EA55B82874BF100CB1EFF3083CF9B6B09DC655FBCE87C9838FADACDDD4694DA4
Participant Details
Original Note:
The US government raises about $20 trillion in individual and corporate income taxes at present, 1/7 of what is collected in tariffs. It is literally impossible for tariffs to fully replace income taxes without depressing our economy & highly raising the price of goods https://www.piie.com/blogs/realtime-economics/2024/can-trump-replace-income-taxes-tariffs https://www.newsweek.com/experts-trump-tariffs-irs-income-tax-2022286
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