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Trump proposes abolishment of federal income tax, bringing US back to 'richest period' in history
President Donald Trump pitched the idea of eliminating the federal income tax entirely to instead tariff and tax foreign nations "to enrich our citizens."
Is Donald Trump Abolishing Income Tax? What We Know
Trump once again hinted at the idea of eliminating the federal income tax and making up for lost revenues with tariffs.
Factbox-All of Donald Trump's Tariff Threats
However, Trump's threats have changed over time, ranging from small levies to ones exceeding 200%, leaving other nations and businesses unclear of what is to come next. Here is a roundup of Trump's trade-related threats.
No, Trump didn’t sign an executive order to eliminate income taxes
President Donald Trump directed his Cabinet to explore the feasibility of creating an External Revenue Service to collect tariff revenues. Congress would need to pass a law to create the agency. Trump’s action does not eliminate the IRS or federal income taxes.
Trump Calls For End To Income Tax, Offers Buyouts To 2 Million Federal Employees
President Donald Trump is calling for the elimination of federal income tax, advocating for a shift to a tariff-based revenue system. He argues that this approach, which he says previously made the US “richer” and a more “powerful” economy,
2h
House Republicans fail to clinch deal on tax cuts, despite Trump's urging
A three-day meeting of U.S. House Republicans, meant to jumpstart President Donald Trump's $4 trillion tax cut agenda, ended ...
42m
on MSN
Trump Eyes Biden’s Green Bank, EV Tax Credits Amid Freeze
A $400 billion green bank for clean energy projects and a popular consumer tax credit for electric vehicles are among federal ...
59m
The Disastrous Prospect of Trump’s Wild IRS Nominee
Instead, those who are most likely to evade detection are the people trying to hide their income in tax shelters, shifting ...
1d
Fact Check: Trump did not announce new tax law on child support
U.S. President Donald Trump has not laid out a new law banning parents who receive child support payments from claiming child ...
CNET on MSN
1d
No, Trump's IRS Hiring Freeze Won't Delay Your Tax Refund -- but Not Doing This Could
The recently ordered hiring freeze at the IRS might have you worried about what will happen to your tax return. This filing ...
1d
on MSN
Trump's 2025 Tax Plans: Experts Weigh in on What Could Happen
In Trump’s plan, income earners would also gain the tax-free benefit, a change that could destabilize the Social Security ...
1d
Trump's no-tax-on-overtime proposal: What to know
President Donald Trump has pledged to end taxes on overtime pay, as well as other things like tips and Social Security.
Mother Jones
1d
Trump Tax Cuts Not Just Good For Billionaires, Say Billionaires
A memo obtained by the Guardian shows Charles Koch's dark-money network spending big on—sorry, against—class warfare.
41m
As Trump Targets Universities, Schools Plan a Counteroffensive
Universities are hiring lobbyists connected to Republicans and opening offices in Washington to argue their causes amid ...
1d
on MSN
Trans inmate's lawsuit challenges Trump 'two-sexes' order cutting off tax money for gender therapy
A transgender inmate has filed the first lawsuit against the Trump administration, challenging an executive order halting ...
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