Trump proposed eliminating federal income tax and has suggested that Bitcoin could alleviate the pressure of U.S. national debt

According to ChainCatcher news and reported by Cointelegraph, former U.S. President Trump stated in the latest episode of the Joe Rogan podcast that if he returns to the White House in 2024, he will seriously consider eliminating federal income tax and instead adopting tariffs on imported goods as the main source of government revenue. Trump cited the successful case of tariff policies during President McKinley's era in the 1890s, claiming that government revenue was so abundant at that time that a special blue ribbon committee was established to study funding usage plans.

Previously, Trump hinted in an interview with Fox News that the current $35 trillion national debt issue could be resolved by "giving creditors some Bitcoin." Asset manager Bryan Courchesne stated that while establishing a Bitcoin strategic reserve in the U.S. is challenging, it is not impossible. The Department of Justice could transfer approximately 200,000 Bitcoins that have been seized to the Treasury as reserve assets and continue to accumulate digital currency to build a Bitcoin strategic reserve, although this process may face cumbersome administrative procedures.