Q: replacing income tax with tariff revenue, a possibility? A: Absolutely; fighting inflation

“President Trump has spoken about replacing income tax with tariff revenue … is that a possibility?”

National Economic Council Director Kevin Hassett: “Absolutely.”

National Economic Council Director Kevin Hassett: We’re fighting inflation by cutting spending and exploding supply.

NEC Director Kevin Hassett: “Small business optimism has gone up by the most ever since President Trump came in. ISM is expanding again for the first time in years. CEO confidence is the highest it’s been in years… Our policies give people cause for optimism.”

Stephen Miller: “President Trump has made a historic commitment to the working class of this country to fight for major tax relief and major price relief. Cutting spending, as DOGE is doing, and cutting taxes is the key to delivering on both of those promises.”

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Q: replacing income tax with tariff revenue, a possibility? A: Absolutely; fighting inflation

Key Points

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“President Trump has spoken about replacing income tax with tariff revenue

• ”

National Economic Council Director Kevin Hassett: “Absolutely

• ”

National Economic Council Director Kevin Hassett: We’re fighting inflation by cutting spending and exploding supply

• NEC Director Kevin Hassett: “Small business optimism has gone up by the most ever since President Trump came in