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Home Front: Politix

Commerce secretary Howard Lutnick reveals Trump's ''goal'' to abolish the IRS, utilize tariffs so ''whole economy explodes''

2025-02-21

[NYPOST] One of President Trump's objectives over the next four years is to have US revenues from tariffs become so massive that the Internal Revenue Service is no longer needed, his commerce secretary revealed Wednesday.

That seems a stretch, but it would be good to reduce the need for the IRS, and its power.

''His goal is to abolish the Internal Revenue Service and let all the outsiders pay,'' Commerce Secretary Howard Lutnick said during an appearance on Fox News Channel's ''Jesse Watters Primetime.''

The former CEO of Wall Street firm Cantor Fitzgerald expanded a day later on his belief that Trump's sweeping tariff plan will be a boon for the US economy.

''As the president said, reciprocal tariffs, either you bring yours down or we're going to bring ours up. If we go to their level, it will earn us $700 billion a year to be equal to everybody else,'' Lutnick said Thursday, during an appearance on FNC's ''America's Newsroom.''

''And there goes our deficit. And interest rates come smashing down, and the whole economy explodes higher.''

Trump, 78, announced ahead of his inauguration last month that he plans to create an external revenue office tasked with collecting all foreign-sourced revenue, such as income from tariffs.

''For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS
...the Internal Revenue Service; that office of the United States government that collects taxes and persecutes the regime's political enemies...
),'' the president wrote in a Jan. 14 Truth Social post. ''Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves.''

On the campaign trail, Trump repeatedly boasted that his tariff plan would bring the American economy back to a ''golden age,'' noting that before 1913 — when the 16th Amendment gave Congress the power to levy federal income tax — the government was primarily funded from tariffs.
The 16th amendment was necessary to override the Constitutional prohibition of a head tax.

Posted by:Fred

#4 Like tariffs just have each state collect and pay their ‘fair’ share of taxes to the Feds. Somehow an entire state can run on 5-10% but the feds need 20-35%.

Posted by: Airandee 2025-02-21 17:17

#3 Somehow Income Tax and Federal Reserve Banks became a thing in every single western country btwn 1913-1915. Same lies were recycled in each country to build support for it. So unnatural, taxation is theft.

For perspective, the Christian bible says the Egyptian Slaves only tithed the Pharoah 20% of their labor.

Posted by: mossomo 2025-02-21 12:46

#2 ^USA wasn't a welfare state in 1913.

Posted by: Grom the Affective 2025-02-21 05:05

#1

If a person were to dig a little into IRS history a little.

Looking at the 16th Amendment to the Constitution in 1913. It was sold on taxing the FILTHY RICH and not the working class, given the original initial tax brackets.

1913 Tax Table
Note: With a 1% tax starting at $20,000 (1913) or more on wages.

Adjusted for inflation, that 1913 $20,000 is equal to over $600K in 2025 dollars.

Meaning only around 1% to 3% of all US households, out of 130 million, would be paying Income Tax today.

BUT!
The Rich saw a Congress that like to spend $$$$$ and open to a lot of donations to create Tax Loopholes.

Posted by: NN2N1 2025-02-21 05:01

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