President Donald Trump announced plans to substantially reduce or eliminate federal income taxes, focusing on individuals earning under $200,000, by funding the government through import tariffs instead. He claims this shift, reminiscent of the Gilded Age, could boost asset prices and save Americans significant lifetime tax payments. However, analysts remain skeptical, citing the Trump administration’s inconsistent tariff policies, market volatility, and doubts over the plan’s overall effectiveness. Source: Cointelegraph