💥🦁💰 Trump Drops Bombshell Proposal: Allegedly Suggests Eliminating Income Tax in Favor of High Import Tariffs During DC Republicans Meeting 💥🦁💰
(www.thegatewaypundit.com)
🏁 - A WINNING MOVE - 🏆
$6.5 trillion is not the correct number. Most of the Federal budget was borrowed. So nothing changes there. You still either need to learn to live within your means or you don't.
Total income taxes paid by individuals was only $2.2 trillion, substantially less.
Of actual taxes (that would be affected by eliminating the income tax) 40% goes to pay interest on the debt, so simply allowing this to default recovers a lot. And you can bet the budgets for a lot of the Federal programs are going to be heavily slashed. The entire Dept. of Education for one is going to be eliminated.
It is possible. You have to consider what is going to be thrown out though.
Absolutely - entire Federal departments can either be eliminated (Dept of Ed is a great example) or have their budgets cut by a substantial amount. Government(s) are incredible wasteful. And as far as foreign items costing more it will motivate American companies to produce the same product(s) here.
Spending didn't fall under Trump the first time, so I don't know why I'd expect it to be different this time around. The Senate isn't going to pass any budget that kills the Department of Education unless some radically different kind of Republicans get elected in number we haven't seen before.