Market
Key economic policy change in response to Trump's proposal by end of 2025
2
Resolution / Starting Odds
Income tax abolished • 25%
New tariffs introduced • 25%
Both changes implemented • 25%
No major change • 25%
Official government announcements and policy documents
Story
Trump Urges Congress to Abolish Income Tax, Proposes Tariffs on Foreign Nations to Enrich Citizens
Jan 27, 2025, 11:33 PM
President Donald Trump has called on Congress to abolish the federal income tax, suggesting a return to a taxation system that relies on tariffs on foreign nations to benefit American citizens. In a recent statement, Trump said, "It's time for the United States to return to the system that made us richer and more powerful than ever before... Instead of taxing our citizens to enrich foreign nations, we should be tariffing and taxing foreign nations to enrich our citizens." He cited former Presidents William McKinley and Theodore Roosevelt in his remarks, advocating for policies that prioritize American economic interests through tariffs.
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Foreign Policy • 25%
Economic Policy • 25%
Healthcare Policy • 25%
Immigration Policy • 25%
Other • 25%
Tariff adjustments • 25%
Infrastructure spending • 25%
Further tax cuts • 25%
Tax Cuts • 25%
Military Spending • 25%
Immigration Reform • 25%
Healthcare Reform • 25%
Other policy area • 25%
Healthcare reform • 25%
Judicial appointments • 25%
Foreign policy initiative • 25%
Cryptocurrency • 25%
Defense • 25%
Immigration • 25%
Healthcare • 25%
Education policy overhaul • 25%
National security measures • 25%
Tax policy changes • 25%
Healthcare reform • 25%
Regulatory Reform • 25%
Infrastructure Spending • 25%
Trade Policies • 25%
Tax Cuts • 25%
Tax reform • 25%
Infrastructure bill • 25%
Other • 25%
Healthcare reform • 25%
Healthcare reform • 25%
Immigration policy • 25%
Infrastructure development • 25%
Tax reform • 25%
No • 50%
Yes • 50%
Trade Policy • 25%
Immigration Policy • 25%
Environmental Policy • 25%
Defense Policy • 25%
Tax reform • 25%
Healthcare reform • 25%
Immigration reform • 25%
Environmental policy change • 25%