President Donald Trump on Tuesday provided his most direct endorsement yet that he believes his tariff policies would generate enough revenue to abolish federal income taxes.
Trump told reporters in a Cabinet meeting that “at some point in the not too distant future you won’t even have income tax to pay” due to revenue produced by his administration’s tariffs.
“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,” Trump said.
The president did not elaborate on the details of eliminating income taxes for Americans, including whether there would be an income limit….
Trump Gives Most Direct Endorsement for Abolishing Federal Income Tax
