President Donald Trump indicated that he may be seeking an end to the federal income tax.
On Tuesday Trump suggested that Americans may “not even have income tax to pay” in the near future, saying tariff-driven revenue could allow for the historic elimination of the federal income tax under his tenure.
Trump, who has spoken about his wish to end the federal income tax numerous times over the years, made the comments during a cabinet meeting press gaggle about tariff-driven revenue potential.
InfoWars reports: “I believe that at some point in the not-too distant future, you won’t even have income tax to pay,” Trump said. “Because the money we’re taking in is so great and it’s so enormous that you’re not going to have an income tax to pay. Whether you get rid of it or just keep it around for fun or have it really low, much lower than it is now, but you won’t be paying income tax.”
This agenda of Trump’s is not new. During his inaugural address Trump said, “Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens. For this purpose, we are establishing the External Revenue Service to collect all tariffs, duties, and revenues. It will be massive amounts of money pouring into our Treasury, coming from foreign sources.”
