Replace income tax rates that are locked in by acts of Congress with tariffs that the president can change on a whim? Sure, no hazard there, why not
Reposted from
Matt Novak
Commerce Secretary Lutnick is on Fox News and just pitched this plan to abolish income taxes below $150k. He wants to abolish the IRS in 2-3 years and establish the External Revenue Service which would handle tariffs and the "Trump Gold Card" to buy a residency visa.
Comments
The GOP has surrendered.
I would add that it teaches our companies that they don't have to be competitive on the world markets and weakens them.
Poors - yay!!!!
"We are replacing it with a 25%+ effective sales tax you'll see due to our tariffs!"
Poors - yay, get them foreign foreigners!!!
Me (also a poor, but doesn't watch Fox news)-
Once you slap 133% tariffs on them, how far would imports drop?
This us stupid on it's face.
Jamie Dimon and the others still have Trump goo all over their mouths.
The Majority Republicans disagree.