Trump aims to abolish IRS and replace it with tariffs
- Howard Lutnick stated that the administration's goal is to abolish the IRS and replace it with the External Revenue Service.
- Trump has made critical comments towards Ukrainian President Volodymyr Zelensky during recent appearances.
- The administration's proposals indicate a significant shift in U.S. fiscal policy, aiming to minimize deficits and enhance governance efficiency.
In a recent announcement made by Donald Trump's commerce secretary, Howard Lutnick, during a Fox News appearance, the administration is pushing towards abolishing the Internal Revenue Service (IRS). This plan aims to generate federal revenue through tariffs and additional measures from private sector initiatives like those proposed by Elon Musk. Lutnick emphasized that the new approach would ensure that waste and fraud are minimized while aiming for a non-deficit budget. Trump's discussions included criticisms of Ukraine's President Volodymyr Zelensky, labeling him as a dictator and alleging poor leadership amidst the ongoing conflict. During the FII Priority Summit in Miami, Trump reiterated his controversial stance, sparking further debate about his foreign policy views and the implications for U.S. support for Ukraine. The Council of Governors, appointed by Trump, aims to foster cooperation between state and federal levels regarding national security and disaster response, reflecting a broader strategy to enhance governance efficiency. This council comprises governors from various states, indicating a diverse representation and commitment to addressing national issues collaboratively. Overall, the administration's strategy presents significant shifts in how it manages federal revenue and provides insights into Trump's approach towards both domestic and international political landscapes. By proposing to eliminate the IRS, the administration sets a bold agenda regarding fiscal policy that could reshape taxpayer experiences and governmental accountability.