WASHINGTON D.C (VINnews)-Howard Lutnick recently commented on Donald Trump’s proposal regarding the IRS. He stated, “Well, think about it. Donald Trump announces the External Revenue Service, and his goal is very simple. To abolish.” Lutnick emphasized that Trump’s focus is on eliminating the Internal Revenue Service entirely, which is a significant departure from the current system.
Join our WhatsApp groupSubscribe to our Daily Roundup Email
Lutnick continued by explaining that Trump’s intention is to shift the tax burden. “His goal is to abolish the Internal Revenue Service and let all the outsiders pay,” Lutnick said, highlighting that Trump’s policies are aimed at prioritizing the American people. He added, “I mean, this is someone who is focused on America,” framing Trump’s plan as one centered on national interests.
Doge cuts expenses. It doesn’t have income. What dividends is he talking about?
No real plan for significant cuts has been laid out. Foreign states are not going to pay our taxes. This is all a load of nonsense. Tariffs will increase the cost of consumer goods, the president has indicated that himself. Massive overhaul and simplification of the tax code would benefit everyone except frauds. It would cut filing costs on the government and tax payer side and minimize tax fraud. I’ll be pleasantly surprised if that happens. It wouldn’t benefit the wealthy so it’s unlikely.
Even better would be to abolish income tax and make the government present a budget and have it voted on before being able to levy a tax to meet it. None of that is happening here.
Even when income taxes are at ZERO for all Americans, the liberal/progressives like Kamala and Bernie wouldn’t tolerate that “Rich aren’t paying their fair share”.