Yellen criticizes Trump’s idea to replace income taxes with tariffs
Treasury Secretary Janet Yellen criticized former President Trump after he suggested replacing some of the United States's income taxes with higher tariffs on imports to make up for lost revenue.
The former president outlined his idea during a meeting with Republican lawmakers on Capitol Hill last week. Yellen joined ABC’s “This Week” on Sunday, where host Jonathan Karl asked if Trump’s idea would be “remotely feasible.”
“It would require tariffs well over 100 percent,” Yellen said.
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