Fri, February 21, 2025
[ Fri, Feb 21st 2025 ]: LocalSYR
Democrats channel their outrage over DOGE, Ukraine and more in marathon Senate session
[ Fri, Feb 21st 2025 ]: Tennessean
The week in politics: Why Tennessee lawmakers formed a bipartisan Israel caucus
[ Fri, Feb 21st 2025 ]: CNN
How DOGE cracked Washington: A focus on arcane ag .. allies swift control of government nerve centers
[ Fri, Feb 21st 2025 ]: Newsweek
Airbnb Faces Boycott Calls
[ Fri, Feb 21st 2025 ]: MSN
German politicians and chancellor candidates face off for one last debate ahead of Sunday's vote
[ Fri, Feb 21st 2025 ]: RealClearPolitics
DOGE Bros: Trump and Musk Tell Hannity the 'Bromance' Endures
[ Fri, Feb 21st 2025 ]: MSN
Trump's new ban makes scientists shudder
[ Fri, Feb 21st 2025 ]: cnbctv18
Delhi BJP government scraps all co-terminus appointments in ex-CM, ministers' offices
[ Fri, Feb 21st 2025 ]: Onefootball
SC Freiburg prepare for kickoff on German Federal .. nd: "More important than football." | OneFootball
[ Fri, Feb 21st 2025 ]: CNN
Hegseth could fire some senior generals and admirals soon, sources say
[ Fri, Feb 21st 2025 ]: CounterPunch
The Great Trump Media Robbery
[ Fri, Feb 21st 2025 ]: ABC
Trump 2nd term live updates: Trump touts work of 1st month, praises Musk and DOGE
[ Fri, Feb 21st 2025 ]: CNN
Latest on Trump's presidency: Government overhaul, Patel confirmed and tensions with Ukraine
Thu, February 20, 2025
[ Thu, Feb 20th 2025 ]: ABC
Trump 2nd term live updates: Attorney General Pam Bondi fires chief counsel of ATF
[ Thu, Feb 20th 2025 ]: WAtoday
Nationals to break ranks with Liberal colleagues and get election promises costed by treasury
[ Thu, Feb 20th 2025 ]: Forbes
Majority Of Americans Dislike Musk And Zuckerberg, New Research Shows
[ Thu, Feb 20th 2025 ]: News4Jax
Musk waves a chainsaw and charms conservatives talking up Trump's cost-cutting efforts
[ Thu, Feb 20th 2025 ]: KING5
Jayapal: There will be 'direct consequences' to t .. e country because of Trump administration layoffs
[ Thu, Feb 20th 2025 ]: BBC
Elon Musk and Javier Milei wield chainsaw on stage at conservative conference
[ Thu, Feb 20th 2025 ]: News4Jax
Dr. Mehmet Oz holds millions from companies that he'd wield power over if confirmed, report shows
[ Thu, Feb 20th 2025 ]: WXYZ
Trump administration is considering 'dividend' checks from money generated by DOGE
[ Thu, Feb 20th 2025 ]: Reuters
Trump administration can continue mass firings of federal workers, US judge rules
[ Thu, Feb 20th 2025 ]: Newsweek
Trump Says DOGE Could Give 20% of Savings Directly to Taxpayers: Live Updates
[ Thu, Feb 20th 2025 ]: Newsweek
Kash Patel's Confirmation Tightens Trump's Control of Government
[ Thu, Feb 20th 2025 ]: Yahoo
'Zero Day' Review: Robert De Niro Can't Save This Dull Dad TV Political Thriller
[ Thu, Feb 20th 2025 ]: WVXU
Analysis: Red states like Ohio, Kentucky, and Indiana could be hurt most by Trump's cuts
[ Thu, Feb 20th 2025 ]: Sky
Farage says Zelenskyy is not a dictator and Trump 'should not be taken literally'
[ Thu, Feb 20th 2025 ]: CNN
Trump wants to 'abolish' the IRS and replace it with tariffs. Can it work?
[ Thu, Feb 20th 2025 ]: WLRN
Speed vs. accountability: The call to fix FEMA and the high stakes for Florida
[ Thu, Feb 20th 2025 ]: britishhorseracing
Racing and Politics in 2025: A busy start to the year
[ Thu, Feb 20th 2025 ]: RealClearPolitics
Tapper: Trump Calling Zelensky A Dictator Is More .. mal Way Of Doing Things, He's Breaking With Facts
[ Thu, Feb 20th 2025 ]: CNN
Trump overhauls government and upends foreign policy on Ukraine
[ Thu, Feb 20th 2025 ]: Alternet
Legal expert wanrs Trump's 'shock and awe' approach is 'undermining' his own agenda
[ Thu, Feb 20th 2025 ]: NPR
Trump claims expanded power over independent agencies
[ Thu, Feb 20th 2025 ]: MSNBC
Youngkin fails to stand up to Trump as federal cuts threaten thousands in Virginia
[ Thu, Feb 20th 2025 ]: ABC
Trump says the federal government should 'take ov .. istrict of Columbia, backing GOP push in Congress
[ Thu, Feb 20th 2025 ]: CNN
Trump overhauls government and upends foreign policy
[ Thu, Feb 20th 2025 ]: News4Jax
David Boren, a former Oklahoma governor and veter .. n US senator and university president, dies at 83
[ Thu, Feb 20th 2025 ]: Reuters
U.S. State Department revises China webpage to focus on trade, business curbs
[ Thu, Feb 20th 2025 ]: Oregonian
Oregon regulatory changes will roll out with 'more consistency,' Gov. Tina Kotek pledges
[ Thu, Feb 20th 2025 ]: CNN
'Indiscriminate madness': DOGE claims firings tar .. ers and new employees. The reality is far from it
[ Thu, Feb 20th 2025 ]: ABC
Hegseth could soon fire or remove generals and senior officers, US officials say
[ Thu, Feb 20th 2025 ]: NDTV
Bangladesh Students Are Protesting Again, But This Time Against Each Other
[ Thu, Feb 20th 2025 ]: ABC
Trump 2nd term live updates: Court denies appeal on birthright citizenship injunction
[ Thu, Feb 20th 2025 ]: MSN
A Miracle and New Chapter, says Delhi CM-designat .. Rekha Gupta ahead of oath taking ceremony; WATCH
[ Thu, Feb 20th 2025 ]: MSN
'Regular people' love 'how fast' Donald Trump is moving to cut government waste
[ Thu, Feb 20th 2025 ]: MSN
Project 2025: What environmental cutbacks has Trump made in a month and what's next?
[ Thu, Feb 20th 2025 ]: 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?

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 ]