US EditionTrump says he may cut income tax 'completely' because of tariff income
Trump claims tariff revenue could fund near-elimination of federal income taxes for Americans earning under $200,000, despite experts citing a large revenue gap between tariffs and income tax.
- On December 2, 2025, President Donald Trump told reporters at a White House press gaggle after a cabinet meeting that Americans may not have income tax to pay, suggesting tariffs could replace the levy.
- The administration has long argued for shifting federal revenue from income taxes to import tariffs, with allies framing this as a populist reset making foreign imports bear more government costs.
- President Donald Trump cited tariff revenue of $170 billion, telling reporters `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`.
- Major tax-code changes would be needed and the proposal would likely face legislative hurdles with a narrow House majority, analysts say this is the most ambitious tax overhaul in over a century.
- Economists caution that tariffs burden domestic consumers rather than foreign entities, while critics say the arithmetic remains unclear as the idea moves into mainstream debate with the administration advancing it.
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72 Articles
Associated Press News
FACT FOCUS: Trump says tariffs can eventually replace federal income taxes. Experts disagree
President Donald Trump has long praised tariffs as key to increasing wealth in the United States, idealizing Gilded Age policies that preceded the implementation of a modern federal income tax.
"Get Rid Of It" - Trump Suggests He'll Soon Slash/End Income Tax
"Get Rid Of It" - Trump Suggests He'll Soon Slash/End Income Tax Authored by Steve Watson via Modernity.news, President Trump signaled Tuesday that the federal income tax could soon be history. Speaking to reporters after a cabinet meeting, Trump laid out a vision of economic freedom powered by massive tariff revenues from foreign nations— putting America First instead of bleeding hardworking citizens dry to fund globalist giveaways. With tariff…
Trump Gives Most Direct Endorsement for Abolishing Federal Income Tax - The Thinking Conservative News
Trump provided his most direct endorsement yet that he believes his tariff policies would generate enough revenue to abolish federal income taxes. The post Trump Gives Most Direct Endorsement for Abolishing Federal Income Tax appeared first on The Thinking Conservative News.
Fox Business
The New York LedgerTrump says Americans may soon pay ‘no income tax’ as White House explores alternative revenue streams
President Donald Trump suggested Tuesday that Americans may "not even have income tax to pay" in the near future, saying tariff-driven revenue could allow for the historic elimination of the federal income tax under his tenure.Trump told a press gaggle after his cabinet meeting that "at some point in the not too distant future you won’t even have income tax to pay," arguing that revenue the government is collecting under his administration is no…
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