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WHOA: Commerce Secretary Howard Lutnick Reveals “Trump’s Goal Is to Abolish The IRS”


President Trump’s Commerce Secretary Howard Lutnick just dropped a huge bombshell while speaking with Jesse Waters of Fox News.

And, I do not mean that lightly.

Lutnick confirmed that President Trump’s “goal is to abolish the Internal Revenue Service and let all the outsiders pay.”

He expanded on that idea, explaining that President Trump plans to replace the IRS with the ERS — External Revenue System — which would be funded through tariffs from competing foreign nations.

This is huge…

Watch what Lutnick had to say about it here:

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The New York Post provided in-depth details of President Trump’s ERS plan:

One of President Trump’s objectives over the next four years is to have US revenues from tariffs become so massive that the  Internal Revenue Service is no longer needed, his commerce secretary revealed Wednesday.

 “His goal is to abolish the Internal Revenue Service and let all the outsiders pay,” Commerce Secretary Howard Lutnick said during an appearance on Fox News Channel’s “Jesse Watters Primetime.”

The former CEO of Wall Street firm Cantor Fitzgerald expanded a day later on his belief that Trump’s sweeping tariff plan will be a boon for the US economy.

“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,” Lutnick said Thursday, during an appearance on FNC’s “America’s Newsroom.”

“And there goes our deficit. And interest rates come smashing down, and the whole economy explodes higher.”

Trump, 78, announced ahead of his inauguration last month that he plans to create an external revenue office tasked with collecting all foreign-sourced revenue, such as income from tariffs.

“For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS),” the president wrote in a Jan. 14 Truth Social post. “Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves.”

Lutnicks’ comments come amid mass firings at the IRS.

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Per Axios:

Driving the news: Lutnick said on “Jesse Watters Primetime” that Elon Musk, in his capacity as a senior White House adviser leading DOGE, was “going to cut” $1 trillion “and then we’re going to get rid of all these tax scams that hammer against America, and we’re going to raise a trillion dollars of revenue.”

  • Fox News host Jesse Watters asked Lutnick if he’d give the savings from DOGE cuts back to the American people.
  • “Think about it, Donald Trump announces the External Revenue Service, and his goal is very simple … his goal is to abolish the Internal Revenue Service and let all the outsiders pay,” Lutnick replied.

Zoom out: While the reported mass firings were not discussed during the interview, an official with a Kansas City, Mo., union that represents IRS workers in the area said she had been notified on Wednesday about the layoffs, which are part of a DOGE-led drive to slash federal workforce numbers.

Something tells me you might want to hold off on filing those tax returns…

 



 

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