Trump Says Americans May Never Pay Income Tax Again
A plan this bold should be impossible. So why are economists quietly panicking behind the scenes?
FROM THE NEWSROOM
Thursday, December 4th | News that moves the world, and you.
Trump floats the idea of killing the income tax and replacing it with tariffs.
Senators brawl over how to keep Obamacare subsidies alive.
And new probes, from Minnesota to D.C., ask where your tax dollars (and data) really went.
Let’s get into it.
Trump Floats Ending Federal Income Tax, Replacing It With Tariffs
Trump says Americans may soon “not even have income tax to pay,” suggesting tariffs and an “External Revenue Service” could fund the government instead. But with $2.2T in income-tax revenue to replace, economists warn tariffs would need sky-high rates that could spike prices and trigger trade wars.
Can you really make foreign exporters pay your tax bill—or do consumers pay in the end?
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Senate Stalls on Obamacare Subsidy Fix as Deadline Looms
Majority Leader John Thune promised a vote on extending Obamacare subsidies next week, but bipartisan talks are sputtering. Republicans want to route aid into Health Savings Accounts; Democrats want a clean extension. Without a deal, subsidies could lapse before any compromise is ready.
When healthcare help turns into a hostage of gridlock, who blinks first?
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Minnesota’s Billion-Dollar Welfare Fraud Scandal Exposes Oversight Collapse
Prosecutors say more than $1B meant for the poor was siphoned off by fake nonprofits, many tied to Somali-run groups, using pandemic and housing programs as personal ATMs. When officials raised red flags, one major provider allegedly threatened racism lawsuits to keep the money flowing.
When fraud hides behind accusations of bias, who protects the truly needy—and the taxpayer?
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QUICK TAKES
Iran’s Footprint: Rubio warns Iran’s IRGC and Hezbollah are using Venezuela as a regional base while the border crisis intensifies.
Caribbean Strike Fallout: Family of Colombian fisherman killed in a U.S. drug raid asks a human-rights court to rule the strike an unlawful killing.
Blind Gag Orders: Judge Boasberg approved FBI secrecy orders without knowing they targeted members of Congress.
Energy Reboot: DOE under Chris Wright kills dozens of green rules, cuts subsidies, and fast-tracks LNG and nuclear as coal stays online.
FROM THE EDITOR
Today’s stories reveal a simple through line, whether it’s taxes, healthcare, or welfare programs, the real battles in American policy aren’t fought in speeches. They’re fought in the fine print.
That’s the news, and now you’re caught up.
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