President Trump on Tuesday sent a jolt of excitement through America’s working taxpayers when he boldly suggested they may soon be able to say goodbye to income taxes altogether. It’s an audacious vision — no question — but one that would open the door to a level of tax freedom hardworking families have never even been allowed to imagine.
Can he actually pull it off? Trump certainly thinks so.
Talking with reporters, the president hinted that the White House is aggressively mapping out alternative revenue streams — from expanded tariffs to recalibrated trade deals with countries that have taken advantage of the U.S. for decades. The goal? Generate enough revenue from abroad so that American workers can finally stop funding Washington with their paychecks.
Trump told reporters the American people “at some point in the not too distant future … won’t even have income tax to pay.”
“Whether you get rid of it or just keep it around for fun or have it really low, much lower than it is now, but you won’t be paying income tax,” he continued:
BREAKING: President Trump just announced he expects the income tax to be ABOLISHED soon.
This would be the single greatest economic move in American history. Imagine taking home 100% of your paycheck?
The economy would explode overnight. ? pic.twitter.com/aJYqvkUNQy
— Ryan Fournier (@RyanAFournier) December 2, 2025
Skeptics — and there will be plenty — are already claiming this is Trump over-promising and setting voters up for disappointment.
But not everyone is buying that. Joseph Lavorgna, an economist and counselor to Treasury Secretary Scott Bessent, argued a recent op-ed that Trump “is making life affordable again for every American,” pointing to the One Big Beautiful Bill Act as proof that the administration is already reshaping the economic landscape.
“From higher take-home pay for hardworking families to tax incentives that will drive a disinflationary boom, the One Big Beautiful Bill was engineered to Make America Affordable Again,” Lavorgna writes. “This historic tax reform will ensure that Main Street prospers alongside Wall Street in President Trump’s Golden Age economy.”
Could President Trump actually usher in a new Golden Age for Americans’ wallets and personal bank accounts? It’s a fair question — and one that matters enormously heading into the midterms. Voters want to feel the momentum not just in the economy at large, but in their own paychecks and savings.
Treasury Secretary Scott Bessent seems to think that momentum is already building. Speaking at the cabinet meeting, he predicted larger tax refunds and continued wage growth in the months ahead — signs that the administration’s economic strategy is beginning to put more real money back into Americans’ pockets:
.@SecScottBessent: “In 2026, we are going to see very substantial tax refunds in the First Quarter… We’re going to see real wage increases. I think next year is going to be a fantastic year.” pic.twitter.com/3XTBD8wK7q
— Rapid Response 47 (@RapidResponse47) December 2, 2025
Trump’s prediction of a future where Americans no longer pay income taxes lines up perfectly with what he’s said before — and with his creation of the so-called “External Revenue Service,” which he highlighted in his inaugural address. The idea has always been the same: shift the burden away from American workers and toward the foreign governments in the vision of our founding fathers, who funded America for more than a century before Congress passed an income tax in 1913.
“Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens,” he said at the address. “For this purpose, we are establishing the External Revenue Service to collect all tariffs, duties, and revenues. It will be massive amounts of money pouring into our Treasury, coming from foreign sources.” He added: “The American dream will soon be back and thriving like never before.”
One of the main objectives of Trump’s fair-trade policies is to transition the U.S. tax structure from being mainly dependent on income taxes to one that generates income from various other sources. While they have their critics, tariffs serve as a key source of revenue.
“It’s time for the United States to return to the system that made us richer and more powerful than ever before,” he said back in January. “Instead of taxing our citizens to enrich foreign nations, we should be tariffing and taxing foreign nations to enrich our citizens.”
Fox News reports that his latest comments mark the most explicit endorsement yet of eliminating income taxes. “If enacted, abolishing income tax would mark the most ambitious overhaul of the American tax system in more than a century,” said the outlet.
It requires a driven individual to implement such significant changes for the advantage of the American public. That’s Trump in a nutshell.
