President Trump said, during lengthy opening remarks at Tuesday’s public cabinet meeting, that he is still hoping to use money collected from tariffs to eliminate the federal income tax and send out additional “dividends.” “Next year is projected to be the largest tax refund season ever,” Trump said. “And we’re going to be giving back refunds out of the tariffs because we’ve taken in literally trillions of dollars, and we’re going to be giving a nice dividend to the people.” “In addition to reducing debt–you know, I inherited a lot of debt, but it’s peanuts compared to the kind of numbers we’re talking about–so we’re going to be making a dividend to the people, and additionally, we’re going to be able to reduce debt. And as time goes by over the next 2, 3, 4 years, those numbers are going to go up,” Trump said, “And I believe that at some point in the not too distant future, you won’t even have income tax to pay. “Because the money we’re taking in is so great, it’s so enormous that you’re not going to have income tax to pay, whether you get rid of it or just keep it around for fun or have it really low, much lower than it is now, but you won’t be paying income tax.”
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