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Outcome of Trump's proposal to abolish federal income tax by end of 2025
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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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