Market
Outcome of Congressional Vote on Abolition of Federal Income Tax by End of 2025?
2
Resolution / Starting Odds
Pass • 25%
Fail • 25%
Postponed • 25%
Other • 25%
Official Congressional voting records
Story
Trump Considers Abolishing Federal Income Tax, Proposes External Revenue Service
Jan 22, 2025, 06:42 PM
President Donald Trump is reportedly considering the abolition of the federal income tax, according to multiple sources citing The New York Times. This proposal is being considered in the context of establishing the External Revenue Service, a new government agency tasked with collecting tariffs, duties, and other revenues from foreign sources. The move, if implemented, could fundamentally alter the American tax system and economy.
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Similar markets
Both support • 25%
Republicans support, Democrats oppose • 25%
Republicans oppose, Democrats support • 25%
Both oppose • 25%
Inflation falls • 25%
Stock market rises • 25%
Stock market falls • 25%
Inflation rises • 25%
Mixed • 25%
Mostly positive • 25%
Mostly negative • 25%
No significant opinions • 25%
Fails to pass • 25%
Withdrawn • 25%
Passes with majority • 25%
Tabled or postponed • 25%
Passed Senate only • 25%
Not passed in either chamber • 25%
Passed and signed into law • 25%
Passed House only • 25%
