The potential consequences of eliminating taxes in favor of Trump tariffs could impact everything from inflation to Social Security and might give some U.S. taxpayers pause.

President Donald Trump is considering eliminating federal taxes paid by millions of Americans on gambling winnings.

But an analysis by Policy Matters Ohio said that if you examine the details, the legislation is even worse for poor and middle-class Ohioans. Referring to Trump’s signature law as H.R. 1, it noted that many of the least popular cuts are delayed until after the 2026 midterm elections, and others are obscured in other ways.

Donald Trump's proposal to eliminate taxes on Social Security benefits is poised to offer significant financial relief to a specific group of American retirees. This plan, highlighted in a recent report, could notably increase disposable income for those ...