usfiscalpolicy

📰 **BREAKING — Trump Floats Radical Plan: U.S. May Eliminate Income Tax, Fund Government with Tariffs**

In a surprising twist, Donald J. Trump has publicly floated the possibility of **completely eliminating federal income tax**, claiming that soaring tariff revenues could fully offset the loss in tax income.

🇺🇸 During a video call with U.S. military personnel, Trump said that in the coming years, “income tax could be substantially cut, maybe even cut out completely,” thanks to the massive revenue generated from new tariffs.

This bold proposal — if pushed — would mark one of the most sweeping changes to U.S. tax and fiscal policy in decades. Markets, economists, and citizens alike are reacting with caution. While some view it as a potential tax-relief windfall, others point out major risks: tariffs tend to raise consumer prices and may make public budgets unstable long-term.

📊 Financial markets are already reacting. The U.S. dollar weakened and bond yields dropped briefly on the news, while markets sensitive to interest rates — equities, commodities, and crypto — surged as traders priced in easier policy ahead.

What comes next depends on whether the idea gains traction in Congress. For now, the nation is watching closely — this proposal could reshape how Americans earn, spend, and invest.

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