President Donald Trump has shared an ambitious idea to remove federal income taxes and replace them with a tariff-based system, inspired by how America operated from 1870 to 1913.
He suggests the creation of a new agency, the External Revenue Service (ERS), to manage tariffs and foreign income, aiming to ease the tax load on Americans.
During the 2025 Republican Issues Conference held at Trump National Doral Miami on January 27, Trump detailed his economic plan in front of GOP leaders. This three-day event aimed to shape the legislative priorities of the party.
