The Financial Express on Nostr: Trump hints at ending income tax, 'We should tax foreign nations to enrich our ...
Trump hints at ending income tax, 'We should tax foreign nations to enrich our citizens'
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On January 28, 2025, President Donald Trump proposed abolishing income tax for American citizens during a House Republican Members Conference, aiming to increase disposable income. He suggested replacing income tax with tariffs on foreign imports, citing economic success from 1870 to 1913 as a model. Trump announced the creation of the External Revenue Service to manage tariffs, emphasizing the need to protect American interests. Critics raised concerns about inflation and potential deficits, while Trump remained committed to prioritizing American workers.
#Trump #IncomeTax #Tariffs #Economy #TaxReform #UsPolitics #HouseRepublicans #ExternalRevenueService #ForeignNations #Inflation
https://www.financialexpress.com/world-news/trump-hints-at-ending-income-tax-we-should-tax-foreign-nations-to-enrich-our-citizens/3728338/
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On January 28, 2025, President Donald Trump proposed abolishing income tax for American citizens during a House Republican Members Conference, aiming to increase disposable income. He suggested replacing income tax with tariffs on foreign imports, citing economic success from 1870 to 1913 as a model. Trump announced the creation of the External Revenue Service to manage tariffs, emphasizing the need to protect American interests. Critics raised concerns about inflation and potential deficits, while Trump remained committed to prioritizing American workers.
#Trump #IncomeTax #Tariffs #Economy #TaxReform #UsPolitics #HouseRepublicans #ExternalRevenueService #ForeignNations #Inflation
https://www.financialexpress.com/world-news/trump-hints-at-ending-income-tax-we-should-tax-foreign-nations-to-enrich-our-citizens/3728338/