Secretary of Trade Howard Lutnik joined the “American Editorial Board” to discuss increasing concern about inflation against the background of President Donald Trump tariffs and how to reduce the cost of DOGE and the broad economy.
In more detail stems from the Trump administration on the intended plans to get rid of internal revenue service (IRS) and the use of tariffs to “explode the whole economy”.
“Its purpose consists On “Jesse Watters PrimeTime” Wednesday.
“As the president said, mutual tariffs, or you are going to raise ours. If we go to their level, it will earn $ 700 billion a year to be equal to everything else,” he expanded In the “American Editorial” Thursday.
“And there is our shortage. And interest rates are declining, and the whole economy explodes above.”
US Secretary of State for Trade Howard Lutnit doubled the plan of President Donald Trump to cancel the IRS. (Getti Image)
Last month, President Donald Trump announced a new “external income service”, which would be tasked with collecting profits from tariffs and potentially replace the IRS because America “taxes itself”.
Trump boasted the return of the US economy to the “Golden Age” until 1913, when a federal income tax was created, where state funding first came from tariffs, but Economists questioned Is this approach in the present time.
“Big Money” discusses “aggressive” economic program Donald Trump.
Lutnick introduced several examples of profitable tariffs for Watters: “Cruise ships – if – do you see a cruise ship with an American flag? They have flags like Liberia or Panama. Pay taxes.
“And these taxes will be paid, and the tax rates of Americans will decline,” he added. “That’s what Donald Trump wants to do, balance our budget and reduce taxes.”
Tariffs are the import taxes that are in most cases paid by importers from the US Federal Agency, Customs and Border Protection (CBP). US, Canada and Mexico came to the agreement earlier Tariff on 25% He came into force, and the Chinese exports was posted by the house.
Secretary of Trade Howard Lutnitsa discusses the economic and fiscal policy of Trump administration in “Jesse Watters PrimeTime”
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“We have strength. We need to use tariffs. We must use the external income service to take care of America and reduce the scams and abuse, waste. And let’s make America Great,” Watters also said.
“We mean” big “, not to mention the deficit, and basically try to eliminate the domestic income and our taxes. Remove taxes, try to knock them down because we’re great and we raise money.”
Tax reform Americans President Grover Narkvist preview DOGE audit and responds to Florida, potentially canceling real estate taxes.
Eric Revel Fox Business contributed to this report.
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2025-02-20 16:46:00
