The Trump administration is moving forward with an aggressive plan to overhaul the US tax system, with the ultimate goal of abolishing the Internal Revenue Service (IRS) and replacing it with a new revenue collection model. Commerce Secretary Howard Lutnick shared details of the initiative during a Fox News interview, outlining how Trump intends to shift tax burdens away from American workers and onto foreign corporations.
BREAKING: Commerce Secretary Lutnick just confirmed that the Trump Administration is looking to ABOLISH the IRS!
This is not a drill!
Let's get it done! pic.twitter.com/9XdMIkYu2q
— Gunther Eagleman™ (@GuntherEagleman) February 20, 2025
The plan centers on establishing an External Revenue Service that would collect tariffs, trade duties, and fees from foreign businesses that operate within US markets. According to Lutnick, industries such as cruise lines and shipping companies have long taken advantage of the system by registering under foreign flags in places like Panama and Liberia, allowing them to escape US taxation. Under Trump’s proposal, these businesses would be required to contribute their fair share.
wow
*LUTNICK: TRUMP'S GOAL IS TO ABOLISH IRS, LET OUTSIDERS PAY
— zerohedge (@zerohedge) February 20, 2025
Trump has already implemented several trade policies designed to increase revenue from foreign sources. The administration has imposed new tariffs on imports from China, Canada, and Mexico, with additional duties planned for the auto and semiconductor industries. These measures aim to generate federal revenue while reducing tax burdens on American citizens.
Democrats want to hire 80,000 new IRS agents to audit Americans. Trump hires DOGE to audit the IRS. 🤣 pic.twitter.com/kHO1C7Vsk2
— Dogecoin OG (@realDogecoinOG) February 13, 2025
Elon Musk’s Department of Government Efficiency (DOGE) has begun a comprehensive review of the IRS, with a focus on assessing its financial operations and structure. Reports suggest that DOGE staffers have requested internal documents detailing the agency’s business units and risk factors.
The Trump administration is set to lay off up to 15,000 IRS employees starting today. 👀 pic.twitter.com/oOQlXPhczS
— SAY CHEESE! 👄🧀 (@SaycheeseDGTL) February 19, 2025
The IRS has faced mounting criticism over the years, particularly from conservatives who have accused the agency of overreach and political bias. The Biden administration’s move to expand the IRS workforce by 87,000 employees was met with sharp opposition, fueling calls for major reform.
Trump just needs to abolish the IRS because we are done paying taxes https://t.co/tr7jJr3Qil
— Hodgetwins (@hodgetwins) February 18, 2025
As Trump continues his efforts to shrink government bureaucracy, his administration remains committed to replacing the current tax system with one that prioritizes revenue collection from foreign sources rather than American citizens.
