Trump Says Americans May Soon Pay ‘No Income Tax’ As White House Explores Alternative Revenue Streams
President Donald Trump ignited a new national debate on Tuesday when he hinted that Americans could soon see the federal income tax vanish entirely, suggesting that soaring tariff revenue may make such a sweeping change possible under his watch.
Speaking to reporters following a cabinet meeting, Trump declared that “at some point in the not too distant future you won’t even have income tax to pay,” insisting that the money now flowing into the Treasury is “so great… so enormous.” He went even further, musing that income taxes might be scrapped or reduced to a symbolic level, saying, “Whether you get rid of it or just keep it around for fun or have it really low, much lower than it is now, but you won’t be paying income tax.”
If realized, the elimination of income tax would constitute the most dramatic transformation of America’s tax structure in more than 100 years. Trump has often signaled interest in funding the government through tariffs, but his comments on Tuesday represent his clearest embrace of that direction.
Earlier in his second term, he put forward the idea of exempting individuals earning below $150,000 from income tax altogether and relying on tariffs to compensate for the lost revenue. That plan echoed the rhetoric he used in January, when he 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.”
His stance surfaced again during an interview with podcaster Joe Rogan while on the campaign trail, when he was asked directly whether he was serious about abolishing personal income taxes. Trump replied, “Yeah, sure, why not?” explaining that tariffs could serve as the government’s primary funding source in place of wage-based taxation.
This position marks a departure from ideas he floated decades ago. During his brief consideration of a presidential run with the Reform Party in 1999, Trump toyed with a proposal for a one-time “net worth” tax on individuals whose wealth exceeded $10 million.
Should he pursue elimination of the income tax now, the initiative would entail massive revisions to the tax code and would meet heavy resistance in Congress, especially with the House majority holding only a slim margin.
Although abandoning income tax has traditionally been viewed as an outsider proposal, Trump’s push to rely heavily on tariffs has propelled the notion closer to the center of national discussion than it has been in generations.
{Matzav.com}