Trump Advocates Ending Income Tax in America, Proposes Tariffs to Boost National Prosperity and Wealth.

Trump Advocates Ending Income Tax in America

In a recent speech, former President Donald Trump proposed the idea of eliminating income tax in the United States. He suggested replacing it with tariffs on foreign goods. This proposal was discussed at the 2025 Republican Issues Conference held in Dorl, Florida, on January 27.

Trump emphasized that America should return to a system that he believes made the country wealthy in the past. He argued that imposing tariffs would boost the economy and increase prosperity. “America is going to be very rich soon,” he claimed, recalling that income tax did not exist before 1913 and that tariffs were a major source of wealth between 1870 and 1913.

Advocacy for Tariffs on Foreign Products

During his speech, Trump stated that tariffs and taxes on foreign nations could enrich American citizens. He expressed the opinion that the government should benefit financially by charging fees on imported products.

Treasury Secretary Supports the Idea

Following Trump’s statements, Skot Besant, the newly confirmed Treasury Secretary, voiced his support for ending income tax as well. He stated on social media his commitment to abolishing income tax and replacing it with a system based on consumption and a gold-backed currency. Besant emphasized the need to eradicate national debt and ensure financial privacy for citizens.

Challenges of Ending Income Tax

While Trump’s proposal has garnered attention, many economists have expressed skepticism. They argue that eliminating income tax and solely relying on tariffs may not be as beneficial as suggested. Tariffs are considered a cost added to goods imported from other countries, which could ultimately affect consumers. The collection of these tariffs is managed by customs and border security at various entry points across the U.S.

In summary, while the idea of ending income tax and replacing it with tariffs has been proposed by Trump and supported by his Treasury Secretary, the practicality and consequences of such a move remain subjects of debate among financial experts.