One thing is certain a little over a week into Donald Trump’s second term: He plans to go big.
On Monday, the president appeared to call for an end to income taxes altogether in favor of tariffs, which is how the federal government was primarily funded throughout much of its history until the early 20th century.
During the campaign, Trump ran on proposals that would take the country away from income as a source of federal revenue, with the then-candidate calling for no tax on tips, no tax on overtime pay, and no tax on Social Security benefits.
Speaking to Republican members of Congress at his Doral resort in Miami, Florida, Trump said, “America is going to be very rich again, and it’s going to happen very quickly.”
“It’s time for the United States to return to the system that made us richer and more powerful than ever before,” he continued.
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www.westernjournal.com
On Monday, the president appeared to call for an end to income taxes altogether in favor of tariffs, which is how the federal government was primarily funded throughout much of its history until the early 20th century.
During the campaign, Trump ran on proposals that would take the country away from income as a source of federal revenue, with the then-candidate calling for no tax on tips, no tax on overtime pay, and no tax on Social Security benefits.
Speaking to Republican members of Congress at his Doral resort in Miami, Florida, Trump said, “America is going to be very rich again, and it’s going to happen very quickly.”
“It’s time for the United States to return to the system that made us richer and more powerful than ever before,” he continued.
More
Trump Does the Unthinkable - Officially Calls for End to Income Tax, May Be First POTUS in History to Do So
President Donald Trump on Monday appeared to call for an end to income taxes altogether while speaking to Republican lawmakers in Florida.
www.westernjournal.com
