President Trump announced on Sunday morning that a “BONANZA FOR AMERICA” is on the horizon with tariffs and foreign investments, which he hopes will lead to the elimination of income taxes on most Americans.
“Focus will be on people making less than $200,000 a year,” President Trump said, indicating that taxation could be “completely eliminated” for this income bracket.
The Gateway Pundit has reported extensively on President Trump’s plans with the External Revenue Service, which he announced on January 14, 2025. The new agency will “collect our Tariffs, Duties, and all Revenue that come from Foreign sources,” said Trump.
Later, during a January rally in Las Vegas, Nevada, the President hinted again that he would abolish the federal income tax using tariff revenue to replace it.
During a White House press briefing in February, National Economic Council Director Kevin Hassett also told The Gateway Pundit that they estimate tariffs will bring “500 billion and a trillion dollars over 10 years,” leading to tax cuts and even ending taxes for some individuals.
And the dim-o-rats will fight against this too. They are so stupid.