Phoenix, Arizona, USA: President Donald Trump has proposed a major shift in the US tax policy—abolishing income tax. The goal behind this bold move is to allow citizens to spend freely, stimulating economic growth. Trump believes that by removing income tax, Americans will have more disposable income, which will, in turn, drive the economy forward and make people wealthier.
Currently, the US government generates a significant portion of its revenue from income tax, but Trump’s plan involves replacing this with higher import duties on foreign goods. "Instead of taxing Americans to enrich other countries, we need to impose tariffs on foreign goods to benefit the American people," Trump stated during a Republican meeting.
Drawing from history, Trump noted that between 1870 and 1913, the US was at its wealthiest, largely due to a tariff-based system. At that time, the government generated substantial revenue from import taxes. He emphasized the need for the US to overhaul its trade system to better protect American workers and families, urging reforms that would put the nation’s interests first. “Countries like India, China, and Brazil impose high taxes on imports; we should do the same to strengthen our economy,” he remarked.