Trump says he's open to eliminating income taxes as he pushes sweeping tariff proposals on podcast with Joe Rogan
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Former U.S. president Donald Trump said on Joe Rogan’s podcast Friday that he would be open to eliminating income taxes, while pushing his sweeping tariff proposal and praising the economic policies of the late 19th century.
Former U.S. president Donald Trump said on Joe Rogan’s podcast Friday that he would be open to eliminating income taxes, while pushing his sweeping tariff proposal and praising the economic policies of the late 19th century.
While talking about tariffs, Trump was asked by Rogan, “Did you just float out the idea of getting rid of income taxes and replacing it with tariffs?”
“Well, OK,” Trump said during the interview on “The Joe Rogan Experience.”
Rogan asked, “Were you serious about that?”
“Yeah, sure. Why not?” the former president responded. “Because, we, ready, our country was the richest in the, relatively, in the 1880s and 1890s. A president who was assassinated named McKinley — he was the tariff king. He spoke beautifully of tariffs.”
“And then around in the early 1900s, they switched over stupidly to frankly an income tax. And you know why? Because countries were putting a lot of pressure on America: ‘We don’t want to pay tariffs, please don’t.’ You know they, believe me, they control our politicians,” Trump said.
Trump has repeatedly said he plans to impose an across-the-board tariff of either 10 per cent or 20 per cent on every import coming into the US, as well as a tariff upward of 60% on all Chinese imports, in a bid to encourage American manufacturing.
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Elon Musk has already committed at least US$70 million to help Donald Trump win the 2024 U.S. election. Now he's pledging to give away US$1 million a day to voters for signing his political action committee's petition backing the U.S. Coinstitution.
Elon Musk has already committed at least US$70 million to help Donald Trump win the 2024 U.S. election. Now he's pledging to give away US$1 million a day to voters for signing his political action committee's petition backing the U.S. Coinstitution.