Impact of Trump Administration's Tariffs on Corporate Taxes
Breitbart News economics editor John Carney discussed the potential impact of Trump administration's tariffs on corporate taxes on Fox Business Network's 'Kudlow.' Carney suggested that tariffs could generate enough revenue to almost eliminate the corporate tax altogether.
Key Points
- Tariffs could potentially lead to a significant tax cut for businesses
- Discussion about using tariff proceeds to lower corporate taxes
Pros
- Potential to generate significant revenue through tariffs
- Possibility of reducing or eliminating corporate taxes
Cons
- Concerns about inflation due to tariffs