[[{“value”:”Donald Trump reportedly proposed a” all tariff policy” proposal during a private meeting with GOP lawmakers to replace the income tax.
Rep. Thomas Massie (R-KY ) became interested in the alleged plan.
The most amazing policy suggestion from the GOP meeting at the Capitol Hill Club this morning was that Trump had briefly suggested replacing the income tax with tariffs, according to Massie.
Most interesting policy recommendation from the GOP meeting this morning at the Capitol Hill Club:
Trump briefly suggested that tariffs would be imposed in place of the income tax. pic. twitter.com/hw0k8gwlGa
— Thomas Massie ( @RepThomasMassie ) June 13, 2024
* Image from Rep. Thomas Massie X Post*
WATCH:
Donald Trump made a unique appearance in Washington, the second time since before the Jan. 6 attack on the Capitol.
He made the case for using tariff increases as a means of financing some income tax cuts. @christianjhall has more on the story https ://t.co/AXBYH4WzvK pic. twitter.com/qY9JUycWHu
— Bloomberg ( @business ) June 13, 2024
CNBC reports:
Donald Trump discussed the idea of enacting an” all tariff policy” that would eventually allow the United States to abolish the income tax on Thursday, according to sources speaking with the Democratic presidential candidate privately.
Trump even discussed using tariffs to leverage negotiating power over poor actors during the meeting with GOP lawmakers at the Capitol Hill Club in Washington, D.C., according to another source in the room.
The remarks reveal that if Trump defeats President Joe Biden in November, he will consider a significantly more mercantilist trade agenda than he did before. He praised tariffs as a multi-tool foreign policy tool during his second term in office.
” Great meeting with Republican Representatives. Lots discussed, all good, great poll numbers”! Trump wrote on Truth Social.
According to sources in the room, Trump suggested that an” all tariff policy” would result in the elimination of the income tax.
— Emily Wilkins ( @emrwilkins ) June 13, 2024
After the tax plan expires this year, President Trump suggested raising tariffs and reducing the income tax for Americans to zero as a fresh tax policy. This will really help struggling Americans get back on their feet after 4 bad years of Bidenomics”, Rep. Marjorie Taylor Greene ( R- GA ) said.
I was delighted to hear President Trump recommend that the income tax on Americans be reduced to zero as a fresh tax policy after the tax plan expires this year.
After four terrible years of binge-drinking, this will definitely help struggling Americans get again on track.
— Rep. Marjorie Taylor Greene ( @RepMTG ) June 13, 2024
Per Reuters:
Trump even pleaded with lawmakers to lower the income tax on tips, a claim that several lawmakers made in response to his initial plea to service workers on Sunday.
Trump used tariffs violently during his 2017- 2021 term in office, placing levies of up to 25 % on a wide range of Taiwanese products as one of many efforts to thwart competition.
Senator Mike Rounds claimed that cutting taxes on tips could help Republicans win over working-class voters.
Rounds told reporters,” If there was something we could do to really energize that particular segment of the population, that might be a really popular thing to do.”
According to Reuters/Ipsos polling, Biden’s support among voters without college degrees or those who reside in households earning$ 50, 000 or less has declined significantly, though a sizable portion of those voters have no shifted their support to Trump.
Trump also criticized a$ 60 billion aid package for Ukraine, which recently received Republican support, according to lawmakers.”}]] [[{“value”:”
Donald Trump is said to have proposed in a private meeting with GOP legislators that the income tax be eliminated and replaced with a ‘all tariff’ policy.
Thomas Massie, R-KY, was alerted to the alleged plan.
Massie said that Trump floated the idea of removing the income tax, and replacing it with tariffs.
The most intriguing policy idea that came out of the GOP meeting today at the Capitol Hill Club:
Trump briefly floated a concept to replace the income tax with tariffs. pic.twitter.com/hw0k8gwlGa
— Thomas Massie (@RepThomasMassie) June 13, 2024
* Image from Rep. Thomas Massie X Post
WATCH:
Donald Trump made his first Washington appearance since the attack on the Capitol on Jan. 6.
He floated the notion of using tariff increases to pay for income tax cuts. @christianjhall has more on the story https://t.co/AXBYH4WzvK pic.twitter.com/qY9JUycWHu
— Bloomberg (@business) June 13, 2024
CNBC reports
Donald Trump brought up on Thursday the idea of imposing a “all tariff policy,” which would allow the U.S. eventually to get rid the income tax. Sources in a private discussion with the Republican Presidential candidate told CNBC.
According to a source in the room, Trump also discussed using tariffs as a tool to leverage his negotiating power against bad actors in the meeting he had with GOP lawmakers in Washington, D.C.
The remarks show that Trump, who used tariffs to achieve a multi-tool foreign policy during his first term, is considering a more protectionist agenda for trade if he wins the November election against President Joe Biden.
“Great meeting with Republican representatives.” Trump wrote: “Great poll numbers, lots of positive discussions, and lots of positive things discussed.”
Trump proposed an “all tariff” policy that would eliminate the income tax.
Emily Wilkins (@emrwilkins), June 13, 2024
“I was delighted to hear President Trump suggest that we raise tariffs and lower the income tax for Americans as a new policy after the current tax plan expires in this year. This will help the struggling Americans get their feet back on track after 4 bad years under Bidenomics,” said Rep. Marjorie Taylor Greene, R-GA.
I was delighted to hear President Trump propose that we increase tariffs and lower the income tax for Americans as a new policy after the current tax plan expires in this year.
This will help the struggling Americans to get back on track after 4 years of Bidenomics.
— Rep. Marjorie Taylor Greene (@RepMTG) June 13, 2024
According to Reuters
Multiple lawmakers said that Trump also urged lawmakers cut taxes on income from tipping, an idea he floated first on Sunday in order to appeal to service employees.
Trump used tariffs aggressively throughout his term of office from 2017-2021, placing levies up to 25% on many Chinese products to undermine competition.
Senator Mike Rounds stated that lowering taxes on tips can help Republicans win over voters from the working class.
Rounds told reporters that “if there was anything we could do to really motivate that particular segment of population, that would be a very popular thing to do.”
Reuters/Ipsos’ polling shows that Biden’s popularity among voters who do not have college degrees or live in households earning less than $50,000 a year has dropped sharply. However, a large number of these voters still support Trump.
Trump also criticized the $60 billion aid package to Ukraine that was recently passed by Republicans, lawmakers said.
“}]]
