Inspired by the way America functioned from 1870 to 1913, President Donald Trump has proposed the bold concept of eliminating federal income taxes and substituting a tariff-based system.
In an effort to reduce the tax burden on Americans, he proposes the establishment of a new organization, the External Revenue Service (ERS), to oversee tariffs and overseas revenue.Trump presented his economic strategy to Republican leaders on January 27 at the 2025 Republican Issues Conference, which was hosted at Trump National Doral Miami. The purpose of this three-day gathering was to influence the party’s legislative agenda.
During his speech, Trump emphasized America’s past achievements prior to 1913, when the country prospered on tariffs rather than income taxes.