Fri, February 21, 2025
[ Fri, Feb 21st ]: LocalSYR
Democrats channel their outrage over DOGE, Ukraine and more in marathon Senate session
[ Fri, Feb 21st ]: Tennessean
The week in politics: Why Tennessee lawmakers formed a bipartisan Israel caucus
[ Fri, Feb 21st ]: CNN
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[ Fri, Feb 21st ]: Newsweek
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[ Fri, Feb 21st ]: MSN
German politicians and chancellor candidates face off for one last debate ahead of Sunday's vote
[ Fri, Feb 21st ]: RealClearPolitics
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[ Fri, Feb 21st ]: MSN
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[ Fri, Feb 21st ]: cnbctv18
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[ Fri, Feb 21st ]: Onefootball
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[ Fri, Feb 21st ]: CNN
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[ Fri, Feb 21st ]: CounterPunch
The Great Trump Media Robbery
[ Fri, Feb 21st ]: ABC
Trump 2nd term live updates: Trump touts work of 1st month, praises Musk and DOGE
[ Fri, Feb 21st ]: CNN
Latest on Trump's presidency: Government overhaul, Patel confirmed and tensions with Ukraine
Thu, February 20, 2025
[ Thu, Feb 20th ]: ABC
Trump 2nd term live updates: Attorney General Pam Bondi fires chief counsel of ATF
[ Thu, Feb 20th ]: WAtoday
Nationals to break ranks with Liberal colleagues and get election promises costed by treasury
[ Thu, Feb 20th ]: Forbes
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[ Thu, Feb 20th ]: News4Jax
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[ Thu, Feb 20th ]: KING5
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[ Thu, Feb 20th ]: BBC
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[ Thu, Feb 20th ]: News4Jax
Dr. Mehmet Oz holds millions from companies that he'd wield power over if confirmed, report shows
[ Thu, Feb 20th ]: WXYZ
Trump administration is considering 'dividend' checks from money generated by DOGE
[ Thu, Feb 20th ]: Reuters
Trump administration can continue mass firings of federal workers, US judge rules
[ Thu, Feb 20th ]: Newsweek
Trump Says DOGE Could Give 20% of Savings Directly to Taxpayers: Live Updates
[ Thu, Feb 20th ]: Newsweek
Kash Patel's Confirmation Tightens Trump's Control of Government
[ Thu, Feb 20th ]: Yahoo
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[ Thu, Feb 20th ]: WVXU
Analysis: Red states like Ohio, Kentucky, and Indiana could be hurt most by Trump's cuts
[ Thu, Feb 20th ]: Sky
Farage says Zelenskyy is not a dictator and Trump 'should not be taken literally'
[ Thu, Feb 20th ]: CNN
Trump wants to 'abolish' the IRS and replace it with tariffs. Can it work?
[ Thu, Feb 20th ]: WLRN
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[ Thu, Feb 20th ]: britishhorseracing
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[ Thu, Feb 20th ]: RealClearPolitics
Tapper: Trump Calling Zelensky A Dictator Is More .. mal Way Of Doing Things, He's Breaking With Facts
[ Thu, Feb 20th ]: CNN
Trump overhauls government and upends foreign policy on Ukraine
[ Thu, Feb 20th ]: Alternet
Legal expert wanrs Trump's 'shock and awe' approach is 'undermining' his own agenda
[ Thu, Feb 20th ]: NPR
Trump claims expanded power over independent agencies
[ Thu, Feb 20th ]: MSNBC
Youngkin fails to stand up to Trump as federal cuts threaten thousands in Virginia
[ Thu, Feb 20th ]: ABC
Trump says the federal government should 'take ov .. istrict of Columbia, backing GOP push in Congress
[ Thu, Feb 20th ]: CNN
Trump overhauls government and upends foreign policy
[ Thu, Feb 20th ]: News4Jax
David Boren, a former Oklahoma governor and veter .. n US senator and university president, dies at 83
[ Thu, Feb 20th ]: Reuters
U.S. State Department revises China webpage to focus on trade, business curbs
[ Thu, Feb 20th ]: Oregonian
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[ Thu, Feb 20th ]: CNN
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[ Thu, Feb 20th ]: ABC
Hegseth could soon fire or remove generals and senior officers, US officials say
[ Thu, Feb 20th ]: NDTV
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[ Thu, Feb 20th ]: ABC
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[ Thu, Feb 20th ]: MSN
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[ Thu, Feb 20th ]: MSN
'Regular people' love 'how fast' Donald Trump is moving to cut government waste
[ Thu, Feb 20th ]: MSN
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[ Thu, Feb 20th ]: MSN
Trump names both Youngkin and Moore to Council of Governors

Trump wants to 'abolish' the IRS and replace it with tariffs. Can it work?

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
No one wants to pay taxes, and practically every American dislikes the IRS. But, as the saying goes, the only guarantees in life are death and taxes. So the IRS is here to stay.
The article from MSN discusses former President Donald Trump's proposal to abolish the Internal Revenue Service (IRS) and replace the income tax system with tariffs on imported goods. This idea, which Trump has floated before, aims to eliminate the need for individual and corporate income taxes by imposing high tariffs, potentially up to 10% on all imports. Critics argue that this plan could lead to several economic issues, including higher costs for consumers, retaliation from trading partners, and a significant reduction in federal revenue, given that tariffs currently account for only a small fraction of government income compared to income taxes. The proposal would drastically alter U.S. trade policy, potentially sparking trade wars and affecting global trade dynamics. Economists and policy analysts have expressed skepticism about the feasibility and economic implications of such a drastic shift, pointing out that it could lead to inflation, disrupt supply chains, and might not generate enough revenue to replace the income tax system entirely.

Read the Full CNN Article at:
[ https://www.msn.com/en-us/news/politics/trump-wants-to-abolish-the-irs-and-replace-it-with-tariffs-can-it-work/ar-AA1zsiGB ]