USA Watchdog, Released on 11/2/24
If Trump does win, one of the huge changes going to be pushed is the elimination of federal income taxes. Let that sink in. When you hear Donald Trump say he is contemplating doing away with federal taxes, it is not some campaign promise that he intends to break. Armstrong says this is more than doable. When Trump says he can fix the economy, Armstrong contends eliminating federal income tax is a turbocharger for the American economy. Armstrong explains, “If you eliminate the income tax, what will happen is all these other companies that are in different countries are going to want to come here. It’s going to be the biggest economic boom in absolute history.”
Martin Armstrong is a world renown economist and the creator of the Economic Confidence Model. He is the founder of Armstrong Economics – a public service and blog for the average person to comprehend the global economy and for professionals to access the most sophisticated international analysis possible.