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Trump proposes abolishment of federal income tax, bringing US back to 'richest period' in history

President Donald Trump proposed abolishing federal income tax during a GOP conference in Doral, Florida, claiming it would make citizens richer by increasing disposable income.
Trump's plan includes cutting corporate taxes and eliminating taxes on tips, overtime, and social security benefits, aiming to boost U.S. Manufacturing.
The Congressional Budget Office estimates that maintaining current tax provisions could add about $4 trillion to deficits over a decade.
Trump's tariff proposals include a universal tariff on imports, which he believes will restore economic prosperity, despite economists' concerns about rising prices.

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ITEP

Yahoo News: Simu Liu Speaks Out on Trump’s New Tax Plan

Simu Liu has spoken out against President Donald Trump’s newly proposed U.S. tax plan, which seeks to extend the 2017 Tax Cuts and Jobs Act (TCJA) and introduce new measures that primarily benefit high-income earners and corporations.

financialsurvivalnetwork.com

What Happens if Trump Repeals Income Taxes?

Janet Yellen left Trump a poison pill in the form of a maxed-out debt ceiling and only a couple of months of cash in the kitty. Deep Seek swarmed over NVDA and OpenAI’s moat as if it were a muddy puddle. Trump coyishly hinted at eliminating individual income taxes. Wow! A turbulent table has been set. The Trump administration has been a constant source of significant actions that have been coming at a pace that is, quite frankly, difficult to ab…

22 days ago

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National File

Senator Mike Lee Endorses Abolition of Oppressive Federal Income Tax System

Last Updated on January 29, 2025 In a newly released interview, Senator Mike Lee expressed support for President Trump’s proposal to repeal the 16th Amendment; effectively nixing the federal income tax. When asked about President Trump’s economic proposal that would rely on the use of an “External Revenue Service” and tariffs – in place of the current income taxation system – Senator Lee encouraged the idea. “I would love to see how it checks ou…

25 days ago

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India Today

Donald Trump's plan to abolish income tax: What tax cuts does he want?

Donald Trump wants to abolish income tax, cut corporate taxes, eliminate taxes on tips, overtime, and Social Security benefits, and impose tariffs to boost the US economy.

25 days ago·India

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Fox Business

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."

25 days ago·United States

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The Nerd Stash

Americans React as Donald Trump Proposes Abolishing Income Tax During Florida Conference: 'There's No Way in Hell!'

Donald Trump advocates for the removal of income tax and replacing it with tariffs, deeming the proposal an effective solution to making Americans richer and powerful. The 47th POTUS has been a longtime proponent of abolishing income tax, repeatedly voicing it throughout his presidential campaign. While citizens happily bought into the prospect, many dismissed it as a mere campaign manifesto. Most argued that putting such policies into practice …

25 days ago

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