During a rally in Las Vegas, President Donald Trump proposed the radical idea of eliminating federal income taxes entirely, suggesting that the government could be funded through tariffs on foreign imports instead. He emphasized the historical context, reminiscing about earlier times when the U.S. relied heavily on tariffs and had no income tax. Trump also discussed his previous campaign promise to eliminate federal taxes on tips for service workers, linking it to Nevada's significant hospitality job market as he explored the potential economic benefits of such tax reforms.
Years ago, 1872, 1913, we didn't have an income tax. What we had is tariffs where foreign countries came in, and they stole our jobs, they stole our companies, they stole our product.
If the tariffs worked out, like a thing like that could happen if you want to know the truth.
Let's have our people pay. And then you had the depression in 1928, 1929... But, you know, you didn't have tariffs, and you had tariffs that ended in 1913.
I call it 1929. It was a bad time. But, you know, we were the richest from 1870 to 1930.
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