Trump: U.S. May ‘Almost Completely’ Scrap Income Tax Due to Tariff Revenue

[mystery-ak]

Trump: U.S. May ‘Almost Completely’ Scrap Income Tax Due to Tariff Revenue

Sean Moran 28 Nov 2025

President Donald Trump late Thursday said that the United States may “almost completely” eliminate the income tax due to the rising tariff revenue.

“In the next couple of years, I think we’ll substantially be cutting, or maybe cutting out completely, but we’ll be cutting income tax,” Trump said during an event on Thursday.

“Could be almost completely cutting it because the money we’re taking in is going to be so large,” he added.

The Congressional Budget Office (CBO) in June projected that the tariff increases will reduce the federal deficit by $2.8 trillion over the next decade.

Breitbart News Economics Editor John Carney wrote:

    The tariff estimate covers measures implemented between January 6 and May 13, 2025. These include a 30 percent levy on imports from China and Hong Kong, 25 percent duties on autos, auto parts, steel, and aluminum, a 10 percent general tariff on most other imports, and the elimination of duty-free treatment for low-value Chinese shipments.

    CBO estimates that, before accounting for economic side effects, the new tariffs will reduce primary deficits by $2.5 trillion and cut interest payments by another $500 billion, for a total deficit reduction of $3.0 trillion. After factoring in modest economic drag — slightly lower GDP and temporarily higher inflation — the net deficit reduction is pegged at $2.8 trillion.

Commerce Secretary Howard Lutnick in November said that Trump is proposing a tariff dividend check so that Americans understand the impact of Trump’s tariff policies.

more
https://www.breitbart.com/politics/2025/11/28/trump-u-s-may-almost-completely-scrap-income-tax-due-to-tariff-revenue/

[Hoodat]

Those who ignore history are doomed to repeat it.

[DB]

Not possible unless the government is drastically reduced in size. And I'll believe that when I see it...

[Hoodat]

Not possible unless the government is drastically reduced in size. And I'll believe that when I see it...

Yeah, good luck with that.

For the umpteenth time, we don't have a revenue problem.  We have a spending problem.

[Wingnut]

Trump is talking out his ass...again.   

[libertybele]

....and yet again another economic suggestion that will likely never come to fruition.

[DefiantMassRINO]

[Kamaji]

[berdie]

....and yet again another economic suggestion that will likely never come to fruition.

Exactly.

[Right_in_Virginia]

Remember when 10 years ago building a wall was laughed at and immigration reform absolutely required an expanded path to citizenship?

Why not let Trump plant new income tax seeds and help him water them ---  without being afraid of breathing new life into the topic and seeing what takes root?

[Sighlass]

....and yet again another economic suggestion that will likely never come to fruition.

Exactly what I was thinking...

[Kamaji]

Remember when 10 years ago building a wall was laughed at and immigration reform absolutely required an expanded path to citizenship?

Why not let Trump plant new income tax seeds and help him water them ---  without being afraid of breathing new life into the topic and seeing what takes root?

Wow.  The naivete is breathtaking.

[roamer_1]

Math is hard.

[Hoodat]

Remember when 10 years ago building a wall was laughed at

Ten years later and no wall, they're still laughing.

.  .  .  and immigration reform absolutely required an expanded path to citizenship?

. . . when Trump was saying he was going to deport everyone and then fast-track them right back in.

Why not let Trump plant new income tax seeds and help him water them ---  without being afraid of breathing new life into the topic and seeing what takes root?

What does this even mean?

Here's a better idea.  Stop spending money you don't have.  That's what everybody else does.  Why can't government live by this rule?