(DCNF)—President Donald Trump said he would seek to use tariffs to potentially eliminate the income tax in a lengthy interview with podcaster Joe Rogan released Friday night.
Trump, who enacted tariffs on steel and aluminum in 2018 during his presidency, sat with the podcaster in a nearly three-hour long episode of The Joe Rogan Experience. Rogan asked Trump if he was “serious” about using tariffs to offset the elimination of income taxes.
“To me, the most beautiful word — and I’ve said this the past couple of weeks, in the dictionary today — is the word tariff,” Trump told Rogan. “It’s more beautiful than love, it’s more beautiful than any — it’s the most beautiful word. This country can become rich with the use, the proper use, of tariffs.”
Trump said he would impose a 200% tariff on John Deere’s tractors if it closed an American factory and moved production to Mexico in September.
“Did you just float out the idea of getting rid of income taxes and replacing it with tariffs?” Rogan asked. “Were you serious about that?”
“Why not?” Trump responded. “Our country was the richest, relatively, in the 1880s and 1890s, a president who was assassinated named McKinley, he was the tariff king. He spoke beautifully of tariffs. His language was really beautiful: We will not allow the enemy to come in and take our jobs and take our factories and take our workers and take our families unless they pay a big price and the big price is tariffs.”
Vice President Kamala Harris has claimed in ads and in speeches that Trump’s plan to impose tariffs would act as a “national sales tax” and insisted that it would cost American families $4,000 a year in higher prices, the Wall Street Journal reported.
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
