{"id":7578,"date":"2025-05-25T06:22:00","date_gmt":"2025-05-24T23:22:00","guid":{"rendered":"https:\/\/www.globenewswire.com\/news-release\/2025\/05\/24\/3087826\/0\/en\/Tariffs-In-Taxes-Out-Former-White-House-Advisor-This-is-Trump-s-Plan.html3087826"},"modified":"2025-05-25T06:54:02","modified_gmt":"2025-05-24T23:54:02","slug":"tariffs-in-taxes-out-former-white-house-advisor-this-is-trumps-plan","status":"publish","type":"post","link":"https:\/\/cryptoinsider.asia\/vi\/tariffs-in-taxes-out-former-white-house-advisor-this-is-trumps-plan\/","title":{"rendered":"Tariffs In, Taxes Out? Former White House Advisor: This is Trump\u2019s Plan"},"content":{"rendered":"\n

WASHINGTON, May 24, 2025 (GLOBE NEWSWIRE) — A historic pivot may be underway inside the U.S. government\u2014one that could shift the financial burden of running the country away from working Americans and onto foreign imports and buried national assets.<\/p>\n

That\u2019s according to former White House and Pentagon advisor Jim Rickards, who says a plan now gaining traction in Washington would replace the IRS and income tax with tariffs.<\/u><\/a><\/p>\n

No More Taxes on Wages?<\/strong><\/p>\n

The policy shift would eliminate income taxes for tens of millions of Americans<\/u><\/a>\u2014especially those earning under $150,000 a year\u2014ending taxes on wages, tips, and Social Security payments.<\/p>\n

\u201cPresidents\u2019 goal is very simple,\u201d Commerce Secretary Howard Lutnick confirmed. \u201cTo abolish the Internal Revenue Service and let all the outsiders pay.\u201d<\/p>\n

But Rickards says we could also rely on revenue from previously untouchable mineral wealth under U.S. federal land. The legal key to making this transition possible was the 2024 Supreme Court decision that struck down the Chevron Doctrine\u2014a ruling that stripped unelected agencies of their power to block access to America\u2019s mineral resources.<\/p>\n

A $150 Trillion Windfall Beneath Our Feet<\/strong><\/p>\n

What makes this plan viable, Rickards argues, is the scale of America\u2019s untapped resource base\u2014estimated at $150 trillion and held in regions like Texas, Alaska, and the western U.S.<\/p>\n

\u201cThese aren\u2019t hypothetical numbers,\u201d Rickards says. \u201c$3.1 trillion in Nome. $7.35 trillion in Midland. $516 billion in the Salton Sea area. And that\u2019s just the beginning.\u201d<\/p>\n

Rickards lays out the full case in a new interview<\/u><\/a>, where he connects the tax overhaul, the Supreme Court ruling, and the push for a sovereign wealth fund modeled on global powers like Norway and Saudi Arabia.<\/p>\n

About Jim Rickards<\/strong><\/p>\n

Jim Rickards is a former advisor to the CIA, U.S. Treasury, and Federal Reserve, and has counseled government leaders on systemic risk and financial warfare.<\/p>\n

Media Contact:<\/strong>
Derek Warren
Public Relations Manager
Paradigm Press Group
Email: dwarren@paradigmpressgroup.com<\/u><\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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