Trump Drops Bombshell Proposal: Allegedly Suggests Eliminating Income Tax in Favor of High Import Tariffs During DC Republicans Meeting
Trump meets House GOP in Washington, DC
President Donald Trump reportedly floated a bold proposal on Thursday to abolish income tax and implement an “all tariff policy,” the CNBC first reported.
This bombshell proposal was made during a private meeting with Republican lawmakers at the Capitol Hill Club in Washington, D.C., to pitch his plan to Make America Great Again.
CNBC reported that the meeting, held at a Business Roundtable event, included prominent business figures such as Blackstone CEO Steve Schwarzman, JPMorgan Chase CEO Jamie Dimon, Carlyle Group CEO Harvey Schwartz, and AT&T CEO John Stankey, among others.
The news outlet cited anonymous sources and reported that President Trump proposed abolishing income taxes and adopting an “all-tariff policy.”
In a Truth Social post,
