Commerce Secretary
Howard Lutnick said Wednesday evening President Trump's goal is to "abolish" the
Internal Revenue Service (IRS).
The big picture: Lutnick's remarks on
Fox News, which come as the IRS is
reportedly poised to lay off thousands of workers, build on a pledge Trump made to create an "
External Revenue Service" to oversee tariffs and other potential foreign revenue.
Driving the news: Lutnick said on Jesse Watters Primetime that
Elon Musk, in his capacity as a
senior White House adviser leading DOGE, was "going to cut" $1 trillion "and then we're going to get rid of all these tax scams that hammer against America, and we're going to raise a trillion dollars of revenue."
- Fox News host Jesse Watters asked Lutnick if he'd give the savings from DOGE cuts back to the American people.
- "Think about it, Donald Trump announces the External Revenue Service, and his goal is very simple ... his goal is to abolish the Internal Revenue Service and let all the outsiders pay," Lutnick replied.
Editor's note: This a breaking news story. Please check back for updates.