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12min chapter
President Trump and Title IX
RealClearPolitics Podcast
Tariffs: Past and Present
This chapter examines the historical role of tariffs as a primary revenue source for the U.S. government before the introduction of the federal income tax in 1913. It discusses the dual functions of tariffs—revenue generation and protectionism—highlighting their evolution and the political dynamics surrounding them, especially during the Trump administration. The chapter also contemplates the potential consequences of replacing income taxes with tariffs and the complex interactions between tax policies and market stability.
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