Trump insisted on replacing Income Tax with tariffs. He outlined this proposal at 2025 Republican Issues Conference (GOP House Dinner). Trump also asserted that the US had no income tax prior to 1913. Trump has repeatedly voiced support for the move even during his campaign to become President last year.

Video Transcript:

(00:00) America is going to be very rich again and it’s going to happen very quickly it’s time for the United States to return to the system that made us richer and more powerful than ever before do you know the United States in 1870 to 1913 all tariffs and that was the richest period in the history of the United States relatively speaking in other words relatively and we they set up the great tariff Commission of 1887 and this commission had one function what to do with all the money that we took in it was so enormous that
(00:36) they had no idea it was a blue ribbon committee was set up 1887 and what to do with all of the money that we had and again uh Teddy Roosevelt was a beneficiary because when McKinley was killed he took over this vast sum of money and he did all of those national parks and all of the other things and I’m not knocking him but he was given a vast amount of money money and that was all made through tariffs as we had no income tax the income tax came in in 1913 as I said in my speech last week instead of taxing our citizens to enrich
(01:10) foreign Nations we should be tariffing and taxing foreign Nations to enrich our citizens does that make sense right