Trump Proposes TOTALLY Scrapping Income Tax. Here’s How It Would Work…
From THE NATIONAL PULSE
Former President Donald J. Trump—the presumptive 2024 Republican presidential nominee—suggested during a private meeting with Republican lawmakers on Capitol Hill on Thursday that he’d consider replacing the federal income tax with an “all-tariff policy.”
Trump first hinted at the policy idea during a campaign rally in Las Vegas on Sunday.
While specific details regarding the tariff plan were not immediately available, it appears the former President suggested tariffs could be used over time to phase out the income tax—and not immediately replace the federal government’s revenue base altogether.
During Trump‘s first term in office, tariffs were used to impact both U.S. domestic and foreign policy—encouraging the reshoring of American jobs while punishing currency manipulators like China.
Trump also emphasized to his fellow Republicans at the Thursday meeting in Washington, D.C., that tariffs can and should be used to enhance U.S. negotiating power against foreign “bad actors.”
These countries either purposefully devalue their currency or provide excessive state subsidies to domestic companies to tilt international trade in their favor.
The former President’s remarks signal that he will likely continue his popular protectionist policies in a second term in office.
Even Democrats have acknowledged the success of Trump‘s trade agenda, with the 81-year-old incumbent Joe Biden having implemented similar tariff policies—at least on paper.
However, extensive exemptions issued by the Biden Treasury Department have rendered many of the trade restrictions effectively unenforceable.
In a post on Truth Social, Trump said his meeting with Republican lawmakers had been very positive.
Nothing about getting rid of the Federal Reserve. We will still be owned and run by the foreign powers who own the Fed.
Native Virginian ~
You haven’t been paying attention or reading what is available on Truth Social or X or here.
President Trump moved the Federal Reserve to the responsibility of the U.S. Treasury in 2020 for the Treasury to control. The Federal Reserve Bank was never an official part of the U.S. government but a private bank. Technically it always was.
Wikipedia is an open source — can be edited by anyone who is given permission by the radical left who controls it. Nothing printed in Wikipedia can be trusted. The radical left mental cases don’t ‘fact check’ themselves.
As of now the ‘Federal Reserve Bank’ is individually bankrupt as a private bank. They still have a role to play in finishing off the deep state/cabal.
At a point in the very near future when the dollar crashes their existence will end. The ‘Federal Reserve Note’ will no longer be printed because the newly issued dollar will be backed by gold and silver and will very likely reflect such on the paper bills, like they did before 1972 — ‘Silver Certificate’ was replaced by ‘Federal Reserve Note’, which was backed by… NOTHING.
As far as those former ‘foreign powers’… it took many ships to move the stash of gold bars from under the Vatican to here, likely either Ft. Knox or an undisclosed location.
These facts are known to those directly involved in this war — and to those who take the time to do serious research.
Stop with the black pill bullshit unless you can back it up with solid proof.
Don’t bring that negative bullshit here.
heads in the sand