U.S. Secretary of Commerce Howard Lutnick appeared on Fox News Wednesday and talked about President Donald Trump’s plan to dismantle the Internal Revenue Service (IRS) as a step toward tax reductions.
Trump’s vision, Lutnick said on “Jesse Watters Primetime,” hinges on eliminating the IRS to shift the tax burden from American shoulders to foreign entities and companies operating under non-U.S. flags, such as cruise ships and supertankers that currently bypass U.S. taxes by registering in countries like Liberia or Panama. He also pointed out similar practices in the alcohol industry, where foreign products enter the U.S. market tax-free.
“His goal is to abolish the Internal Revenue Service and let all the outsiders pay. I mean, this is someone who is focused on America. Let’s drive down our waste, foreign abuse,” Lutnick told Watters.
Lutnick discussed what he said was…
