During a June 13 meeting with Republican elected officials on Capitol Hill, disgraced former president, convicted felon, and presumptive Republican presidential nominee Donald Trump
reportedly floated a proposal for a second term that could involve replacing income taxes with tariffs (
taxes on imported goods). Republican attendees
later confirmed that Trump had proposed using tariffs (which increase costs for consumers) to cut or even replace income taxes.
Tax and economic policy experts from across the political spectrum criticized Trump's proposal, which could severely disrupt international commerce and the domestic economy while supplanting the United States' existing system of
progressive income taxation with
regressive consumption taxes.