Trump’s New Commerce Secretary Confirms Plans to Abolish the IRS

One of President Donald Trump’s newest Cabinet picks said that the administration is aiming to abolish the IRS and rely on tariffs and other revenues. “His goal is to abolish the Internal Revenue Service and let all the outsiders pay,” Commerce Department Secretary Howard Lutnick told Fox News on Wednesday night. “As the president said, reciprocal tariffs, either you bring yours down or we’re going to bring ours up. If we go to their level, it will earn us $700 billion a year to be equal to everybody else.” With those tariffs, Lutnick said, the Trump administration believes it could reduce deficit spending....