Current Date 19 Apr, 2025

Trump hints at US income tax abolition, citing tariff revenue.

Donald Trump suggested the US could abolish income tax due to high tariff revenue, referencing the late 1800s when tariffs solely funded the government. He claims daily tariff revenue reached $2-3 billion during his presidency. This statement, however, requires Congressional approval for tax policy changes and is debated for its economic feasibility and political implications within the context of the America First strategy.