Trump Floats Bold Plan: Eliminate Income Tax, Replace with Tariffs
Submitted by MAGA Student
Posted 6 days ago
Here's the latest on the political landscape as former President Donald Trump floats a bold proposal to eliminate income tax and replace it with tariffs during a GOP meeting at the Capitol Hill Club. Trump's advocacy for using tariffs as leverage in international negotiations resurfaced during the meeting, as he talked about employing them to gain the upper hand over what he referred to as bad actors on the global stage. This strategy, which he extensively applied during his first term, defines his vision for a significantly more protectionist trade agenda should he succeed against Joe Biden this November.
In the private gathering, Trump introduced a bold proposal—an “all tariff policy” that he suggested could eventually lead to the abolition of the income tax in the U. S., sources told CNBC. While details were scant, Trump later hinted at the productive nature of the discussions in a post on Truth Social, writing “Great meeting with Republican Representatives. Lots discussed, all positive, great poll numbers!”
Nicole Malliotakis (R-NY) discussed fiscal proposals after the meeting, stating, “He does want to look at lowering the income tax, and that could be offset and paid for by some type of tariffs, particularly on adversarial nations.”
Campaign spokeswoman Karoline Leavitt explained, “President Trump simply floated the idea as one of many brought up during the conversation, and he has said many times that as tariffs on foreign countries go up, taxes on American workers can come down. President Trump’s top priority remains making the Trump Tax Cuts permanent.”
The shift in taxation aims to stimulate local industries by protecting them from cheaper foreign competitors while also providing relief to taxpayers by lowering their income tax burden. However, the effectiveness of any potential policy depends on various factors including the economy’s reliance on imports, the responsiveness of domestic industries, and the overall impact on consumer prices and economic growth.
Meanwhile, a new polling has devastating news for Kamala Harris' presidential dreams as only a third of voters overall think she could win an election if she were her party’s nominee. Only three in five registered Democrats say she could win, while only a quarter of independents responded that Harris could win an election for president.
The vice president suffers from very low approval ratings, with only 42 percent viewing her favorably compared with 52 percent unfavorably. Dismal results like this have been true of nearly every poll focusing on the vice president since Biden won the 2020 election.
In a recent poll, Harris was down at 32 percent approval, while in 2021, another found she had plummeted to 28 percent approval. These poll numbers suggest the Democratic Party would be insane to offer Harris as their nominee, either this fall or in 2028.
As Trump's popularity has surged in the polls, a growing number of business leaders, disenchanted with Biden and concerned about the upcoming expiration of the Trump tax cuts in 2025, are either openly supporting Trump or showing openness to his campaign for a second term according to The New York Times. Behind the scenes, many of these business leaders are beginning to align with Trump, drawn by his campaign’s active efforts to enlist them as donors.
Greg Gutfeld, a popular conservative commentator, recently stated that nobody's going to believe it if "Dementia Joe" wins the upcoming election. With Biden's age and constant stream of photos and videos that seem to show his advancing age-related disabilities, many voters are leery of his ability to lead the country for another term.
In conclusion, Trump's bold proposal to eliminate income tax and replace it with tariffs has sparked discussions within the GOP, while Kamala Harris' presidential dreams seem to be fading away with her low approval ratings. As Trump's popularity surges, a growing number of business leaders are aligning with him, drawn by his campaign’s active efforts to enlist them as donors. With Biden's age and disabilities becoming a concern for many voters, it remains to be seen who will emerge victorious in the upcoming election.
Sources:
trendingpoliticsnews.com
westernjournal.com
rumble.com
In the private gathering, Trump introduced a bold proposal—an “all tariff policy” that he suggested could eventually lead to the abolition of the income tax in the U. S., sources told CNBC. While details were scant, Trump later hinted at the productive nature of the discussions in a post on Truth Social, writing “Great meeting with Republican Representatives. Lots discussed, all positive, great poll numbers!”
Nicole Malliotakis (R-NY) discussed fiscal proposals after the meeting, stating, “He does want to look at lowering the income tax, and that could be offset and paid for by some type of tariffs, particularly on adversarial nations.”
Campaign spokeswoman Karoline Leavitt explained, “President Trump simply floated the idea as one of many brought up during the conversation, and he has said many times that as tariffs on foreign countries go up, taxes on American workers can come down. President Trump’s top priority remains making the Trump Tax Cuts permanent.”
The shift in taxation aims to stimulate local industries by protecting them from cheaper foreign competitors while also providing relief to taxpayers by lowering their income tax burden. However, the effectiveness of any potential policy depends on various factors including the economy’s reliance on imports, the responsiveness of domestic industries, and the overall impact on consumer prices and economic growth.
Meanwhile, a new polling has devastating news for Kamala Harris' presidential dreams as only a third of voters overall think she could win an election if she were her party’s nominee. Only three in five registered Democrats say she could win, while only a quarter of independents responded that Harris could win an election for president.
The vice president suffers from very low approval ratings, with only 42 percent viewing her favorably compared with 52 percent unfavorably. Dismal results like this have been true of nearly every poll focusing on the vice president since Biden won the 2020 election.
In a recent poll, Harris was down at 32 percent approval, while in 2021, another found she had plummeted to 28 percent approval. These poll numbers suggest the Democratic Party would be insane to offer Harris as their nominee, either this fall or in 2028.
As Trump's popularity has surged in the polls, a growing number of business leaders, disenchanted with Biden and concerned about the upcoming expiration of the Trump tax cuts in 2025, are either openly supporting Trump or showing openness to his campaign for a second term according to The New York Times. Behind the scenes, many of these business leaders are beginning to align with Trump, drawn by his campaign’s active efforts to enlist them as donors.
Greg Gutfeld, a popular conservative commentator, recently stated that nobody's going to believe it if "Dementia Joe" wins the upcoming election. With Biden's age and constant stream of photos and videos that seem to show his advancing age-related disabilities, many voters are leery of his ability to lead the country for another term.
In conclusion, Trump's bold proposal to eliminate income tax and replace it with tariffs has sparked discussions within the GOP, while Kamala Harris' presidential dreams seem to be fading away with her low approval ratings. As Trump's popularity surges, a growing number of business leaders are aligning with him, drawn by his campaign’s active efforts to enlist them as donors. With Biden's age and disabilities becoming a concern for many voters, it remains to be seen who will emerge victorious in the upcoming election.
https://twitter.com/RepThomasMassie/status/1801324750859350482
Sources:
trendingpoliticsnews.com
westernjournal.com
rumble.com
