Source: CounterPunch
by Ellen Brown
“In February, President Trump said that tariffs would generate so much income that Americans would no longer need [sic] to pay income taxes. The latest plan, according to U.S. Commerce Secretary Howard Lutnick, is to abolish income taxes for people who earn less than $150,000 yearly. … can tariffs and DOGE replace income taxes? If not, how else could the government fund itself? Is a growing debt bubble that is now carrying a $1.2 trillion interest tab, which must continue to expand just to sustain itself, the only alternative?” [editor’s note: No, it’s not “the only alternative.” The government could eliminate taxation, seek donations, and live within its means. The real question people like Brown really pose with pieces like this is “is there a way for the politicians to spend as much as they want on whatever they want in perpetuity with this specific tax policy, because anything else is unthinkable?” That’s a question not worth considering – TLK] (05/12/25)
https://www.counterpunch.org/2025/05/12/trumps-proposal-to-eliminate-income-taxes-can-it-be-done/