President Trump suggested Tuesday that Americans may soon pay “no income tax,” stating that the massive revenue being generated by tariffs could allow for the historic elimination of the federal income tax under his administration. This is a huge, game-changing proposal that could completely overhaul how the United States funds itself.
The president made the suggestion to a press gaggle following a Cabinet meeting. He argued that the revenue the government is collecting under his administration is “so great… so enormous” that it makes the income tax unnecessary, as reported by Fox. President Trump told reporters that “at some point in the not too distant future you won’t even have income tax to pay.”
