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Crossroads with Joshua Philipp

Trump Proposes End of Federal Income Tax; Freezes $3 Trillion In Federal Funding

Crossroads with Joshua Philipp

The Epoch Times

Government, Education

4.9594 Ratings

🗓️ 30 January 2025

⏱️ 63 minutes

🧾️ Download transcript

Summary

Federal income tax could be coming to an end in the United States. President Donald Trump first floated the idea when he was on the campaign trail, and it now seems he was serious. At a recent event, Trump discussed how the United States could replace income tax by using tariffs instead.

Transcript

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0:00.0

Federal income tax could be coming to an end in the United States.

0:04.9

President Donald Trump first floated the idea when he was on the campaign trail,

0:09.2

and it now seems that he was serious about the idea of replacing federal income tax using tariffs.

0:16.2

And also, look, those mystery drones that were flying around and we had no clue what they were.

0:21.6

Well, it turns out that they were authorized by the FAA.

0:25.6

I'm the Epic Times Senior Investigative reporter Joshua Phillip and you're listening to Crossroads.

0:34.6

Federal income tax could soon come to an end in the United States.

0:41.3

Not for everyone else in the world.

0:43.3

President Donald Trump first floated the idea when he was on the campaign trail,

0:47.3

and it now seems that he was serious, along with a lot of other things that we kind of maybe thought he was joking about.

0:55.1

In a Republican conference meeting on Monday, Donald Trump discussed how the United States

1:00.2

could replace income tax by using tariffs instead. Let me show you this.

1:05.8

We're going to establish a very fair, a very fair system where money is going to come into our coffers and

1:13.6

America is going to be very rich again and it's going to happen very quickly.

1:17.6

It's time for the United States to return to the system that made us richer and more powerful than ever before.

1:23.6

Now look, from there, Donald Trump goes on to explain the history of how the United States

1:29.0

used to fund the federal government, not through taxes, but instead through tariffs, charges

1:34.7

on foreign goods.

1:36.8

He notes a period between 1870 and 1913 when this policy led to prosperity in the United

1:43.1

States.

1:44.1

He said, so much prosperity, we didn't even know what to do with all the money.

1:48.2

He notes that in 1887, the United States had the tariff commission that was in place

...

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