Market
Major political parties' response to Trump's tax proposal by mid-2025?
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Donald Trump•Internal Revenue Service•IRS•Trump•United States•Congress•McKinley•Theodore Roosevelt•America
Resolution / Starting Odds
Support • 25%
Oppose • 25%
Neutral • 25%
No Official Response • 25%
Official statements from major political parties or their leaders
Story
Trump Urges Congress to Abolish Income Tax, Return to Pre-1913 Tariff System
Jan 28, 2025, 12:16 AM
President Donald Trump has proposed abolishing the federal income tax and the Internal Revenue Service (IRS), suggesting that tariffs on foreign nations should replace income taxation. In recent statements made on January 27, Trump noted that the United States had no income tax prior to 1913 and called for a return to the system that he believes made the nation richer and more powerful in the past. He urged Congress to abolish income tax, stating, "Instead of taxing our citizens to enrich foreign nations, we should be tariffing and taxing foreign nations to enrich our citizens." Trump cited historical precedents, mentioning Presidents McKinley and Theodore Roosevelt, and asserted that tariffs would make America rich again.
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Similar markets
Democratic support • 25%
Republican support • 25%
No support • 25%
Bipartisan support • 25%
Only dividend tax cut implemented • 25%
Only capital gains cut implemented • 25%
Both cuts implemented • 25%
Neither cut implemented • 25%
Passed without changes • 25%
No decision by end of 2025 • 25%
Rejected • 25%
Passed with modifications • 25%
Only capital gains cut • 25%
Only dividend cut • 25%
Neither cut implemented • 25%
Both cuts implemented • 25%
Bipartisan Support • 25%
Republican Opposition, Democratic Support • 25%
Republican Support, Democratic Opposition • 25%
Bipartisan Opposition • 25%
Between 40% and 50% • 25%
Below 30% • 25%
Above 50% • 25%
Between 30% and 40% • 25%
Evenly Split • 25%
Other • 25%
Majority Support • 25%
Majority Oppose • 25%
None • 25%
Independent • 25%
Republican Party • 25%
Democratic Party • 25%
No significant changes • 25%
New tax cuts introduced • 25%
Tax cuts extended • 25%
Tax increases implemented • 25%
Positions eliminated • 25%
Other outcome • 25%
Agents reassigned • 25%
No change • 25%
Tax cuts not extended • 25%
Tax cuts extended • 25%
Partial extension • 25%
Policy blocked by Congress • 25%