Larry Kudlow on Trump's IRS proposal: This is Eliot Ness type stuff

Politics and Government Politics and Government

Mon, January 27, 2025

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[ Mon, Jan 27th ] - Reuters

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Vijay Rakesh Maintained (TXN) at Neutral with Decreased Target to $190 on, Jan 24th, 2025

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[ Mon, Jan 27th ] - Newsweek

Newsweek's Chief Content Officer Dayan Candappa on Transformational Journalism

Larry Kudlow on Trump's IRS proposal: This is Eliot Ness type stuff

^{Published on 2025-01-27 15:20:39 - MSN}

A 'Big Money Show' panel deliberates on President Donald Trump potential plan for IRS agents and his idea for funding the government.

The video segment from MSN features Larry Kudlow discussing former President Donald Trump's proposal to eliminate the IRS and replace income tax with tariffs on imports. Kudlow describes this idea as "Eliot Ness-type stuff," referencing the famous Prohibition agent known for his aggressive tactics against crime, suggesting that Trump's proposal is bold and confrontational. Kudlow explains that Trump's plan would involve a 10% tariff on all imports, aiming to fund the government without the need for an income tax, thereby simplifying the tax system and potentially reducing the size of the federal government. He also touches on the economic implications, including potential trade wars and the impact on global trade dynamics, while expressing skepticism about the feasibility and political acceptance of such a drastic change.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/larry-kudlow-on-trump-s-irs-proposal-this-is-eliot-ness-type-stuff/vi-AA1xXsBh ]

Contributing Sources

MSN

N@N

Larry Kudlow on Trump's IRS proposal: This is Eliot Ness type stuff