Mortgage rates are finally taking a dip, and homeowners across America are seizing the opportunity to refinance and lower their monthly payments. With the 30-year fixed-rate mortgage dropping to 6.63%—the lowest level in three months—many are wondering if now is the right time to act.

Who’s Benefiting from the Refinance Boom?

According to Freddie Mac, the mortgage market is already seeing a surge in refinancing applications, hitting their highest level since mid-December. The primary group jumping on this opportunity? Homeowners with mortgage rates above 6%, who stand to save a significant amount by locking in a lower rate.

Redfin data shows that 17.2% of U.S. homeowners currently have mortgage rates of 6% or higher—the highest share since 2016. These homeowners are in the best position to refinance and potentially save hundreds per month. For instance, on a $400,000 home with a 10% down payment, refinancing from 7% to 6.5% can save around $120 per month.

But not everyone is in the market for refinancing. A staggering 83% of homeowners with a mortgage already have rates below 6%, with 21% enjoying rates under 3%. These homeowners, who locked in ultra-low rates during the pandemic, have little incentive to refinance.

Cash-Out Refinancing: Unlocking Home Equity

For some homeowners, refinancing isn’t just about securing a lower rate—it’s about cashing in on home equity. With home values still high, many homeowners are sitting on record amounts of tappable equity.

The average homeowner has about $313,000 in home equity, with $203,000 available to borrow while maintaining a 20% cushion, according to data from Intercontinental Exchange. Many are choosing cash-out refinances to pay off credit card debt, fund home improvements, or invest in other financial priorities.

In fact, cash-out refinancing has surged. In Q4 2024 alone, cash-out volume jumped 25% year-over-year, reaching a two-year high of $21 billion. With inflation still affecting consumer wallets, many are using this strategy to consolidate high-interest debt and free up cash.

Is Now the Right Time to Refinance?

If your mortgage rate is above 6%, now might be the perfect time to refinance and cut down on your monthly payments. However, if you’re one of the many homeowners with a rate below 6%, holding onto your current loan might be the smarter move.

For those considering a cash-out refinance, now is also a great time to tap into home equity—especially for paying down high-interest debt or funding necessary home renovations.

With rates fluctuating and economic uncertainty still in the air, acting sooner rather than later could lock in major savings before rates potentially rise again.

Newt Gingrich took to Fox Business on Thursday to explain why President Donald Trump’s tax reform strategy is set to revitalize American manufacturing, create jobs, and bring trillions of dollars in investments back to the United States. With House Republicans pushing to extend Trump’s original tax cuts before they expire in 2025, Gingrich laid out exactly how the America First economy is about to hit turbo mode.

A Smarter Approach to Tax Reform
Gingrich contrasted Trump’s tax policy with the 1981 Reagan tax cut, which he argued delayed investment and deepened the 1982 recession before finally kicking into high gear in 1983. Unlike past plans that took years to take effect, Trump’s strategy ensures immediate incentives that encourage companies to invest now. The difference? Businesses are already announcing major commitments to expand in America rather than waiting years for tax relief.

He specifically highlighted Trump’s 100% expensing policy, which allows businesses to fully deduct the cost of building factories and purchasing equipment right away. According to Gingrich, passing this bill by mid-year would unleash trillions in investment, creating jobs, raising wages, securing pensions, and even strengthening Social Security for future generations.

“If we can get the bill passed by May or June, you will see literally trillions of dollars of commitment to new factories, new jobs, new opportunities, higher incomes, much safer pensions, and, frankly, the ability to pay for Social Security for the foreseeable future,” Gingrich said.

The Most Pro-Business Cabinet in History
Gingrich also praised the Trump administration for assembling what he called “the most entrepreneurial, success-oriented, and achievement-oriented” cabinet in U.S. history. Unlike previous administrations that drowned businesses in red tape, Trump’s team is aggressively cutting government bloat, decentralizing federal power, and working in lockstep with business leaders to unleash America’s full economic potential.

“You have an entire cabinet that is the most entrepreneurial, the most success-oriented and the most achievement-oriented cabinet in history,” Gingrich stated. “They’re going to dramatically reshape the government of the United States into a more decentralized, smaller, more efficient and dramatically less fraud-ridden [one].”

Trump’s Tax Cuts: A Proven Success
While Democrats love to pretend tax cuts only help the wealthy, the numbers tell a different story. Former Reagan economist Art Laffer emphasized that under Trump’s 2017 Tax Cuts and Jobs Act, the rich actually paid more in taxes while tax rates dropped. Revenue increased, wages climbed, and businesses reinvested in American workers.

“The taxes did go up with the Tax Cuts and Jobs Act. The rich paid more in taxes at lower tax rates. Revenues went up, not down. And, you know, this was a win, win, win, win,” Laffer said.

The Bottom Line: America First, Again
Trump’s tax policies have already been battle-tested—and they worked. As House Republicans move to extend and expand those cuts, the American economy is poised for another boom. With incentives that encourage businesses to build in the U.S. now, rather than years down the road, and a cabinet laser-focused on cutting waste and bureaucracy, the future of America’s economy looks brighter than ever.

Bidenomics left America in shambles. Trump’s tax plan is about to fix it.

President Donald Trump isn’t playing games when it comes to putting America first. As of midnight Tuesday, his administration’s 25% tariffs on Canadian imports officially went into effect. His message is clear: Canada must crack down on fentanyl trafficking, or they’ll pay the price. But instead of taking real action, Canadian Prime Minister Justin Trudeau is throwing a political tantrum, slapping retaliatory tariffs on $155 billion of U.S. goods while using the situation to prop up his failing Liberal Party.

Trudeau’s Retaliation: A Desperate Move
Trudeau, whose approval ratings have been circling the drain for years, sees Trump’s tariffs as a lifeline. His 25% retaliatory tariffs are nothing more than political theater—an attempt to shift the blame for Canada’s crumbling economy onto Trump. “There is no justification for these actions,” Trudeau whined, despite overwhelming evidence that Canada has failed to curb the flow of deadly fentanyl across the border.

While fentanyl seizures at the northern border account for only 0.2% of total fentanyl seizures, this is no accident. The issue isn’t just what’s being seized—it’s what’s getting through. Trump’s move forces Canada to take responsibility rather than enabling the deadly drug trade.

Tariffs Shake Up Canada’s Political Landscape
For years, Trudeau’s mismanagement has left Canada’s economy in shambles, and his popularity hit rock bottom. He even announced plans to step down as Liberal Party leader by March 9. But thanks to his sudden tough-guy act against Trump, Liberal Party approval has made a shocking comeback. Just weeks ago, Conservatives were dominating the polls with a 26-point lead and a projected supermajority in Parliament. Now, the Liberals have clawed their way back, leading for the first time in four years.

Polling data shows that 89% of Canadians want an immediate federal election with a government that will aggressively push back against Trump. Conservative leader Pierre Poilievre has tried to distance himself from Trump while promising a strong response to the tariffs, but many Canadians see him as too close to the America First movement.

Will Canada Risk Economic Ruin?
Despite Trudeau’s grandstanding, the reality is that Canada is far more dependent on the U.S. than vice versa. The two nations are each other’s largest trading partners, with Canada supplying 61% of U.S. crude oil imports, 98% of natural gas imports, and 93% of electricity imports. Yet, Ontario Premier Doug Ford is now threatening to cut off energy exports in retaliation, a move that would cripple the Canadian economy while barely denting the U.S. market.

If Trudeau follows through with his reckless policies, the Canadian Chamber of Commerce warns the nation could plunge into recession by summer. Meanwhile, Trump remains focused on his ultimate goal: securing America’s borders, protecting American workers, and ensuring foreign governments pay their fair share.

Trudeau can play politics all he wants, but he’s up against a president who actually fights for his country.

President Donald Trump and Vice President J.D. Vance just sent Europe into a full-blown panic mode, and the numbers don’t lie. After their brutal dressing down of Ukrainian President Volodymyr Zelensky in the Oval Office, European defense stocks exploded, raking in their best gains in years.

In Germany, Rheinmetall saw a 13.86% surge, while the UK’s BAE Systems jumped a staggering 17.49%. French fighter jet maker Dassault Aviation soared by 16.72%, and Germany’s radar systems powerhouse Hensoldt shot up 17.96%. The Stoxx aerospace and defense index spiked by 7%, and a U.S.-listed ETF tracking European defense stocks added another 3.13%, making it clear: Europe is finally waking up to the cold reality that America isn’t going to be its personal security guard anymore.

What’s driving this sudden military spending spree? Fear—sheer, unadulterated fear. The Europeans watched as Trump and Vance ripped into Zelensky for his dependency on endless American aid. This wasn’t Biden’s White House, where Ukraine got a blank check to fight a war with no end in sight. Trump made it clear: America’s priority is America first, and the European Union better start picking up its own tab.

Germany, in particular, got the message loud and clear. The country’s centrist parties are now scrambling to create two massive off-budget defense funds worth at least €200 billion, with studies showing they may need to pump in as much as €400 billion into their military. France and the UK aren’t far behind, making commitments to ramp up defense spending in a rare show of urgency.

Analysts at JPMorgan are now predicting that by 2026, Europe’s top four defense companies—BAE, Thales, Leonardo, and Rheinmetall—will be trading at 20 times their earnings, a massive boost from the current 16x valuation. And why? Because for the first time in decades, NATO’s European members are finally being forced to pay their fair share instead of relying on U.S. taxpayers.

Trump called it from day one: NATO was a bad deal for America. Under Biden, the U.S. carried the burden of defending Europe while these nations poured billions into social welfare programs and green energy pipe dreams instead of their military. Now, with Trump back in the White House, the freeloading is over. Europe has no choice but to rearm and rebuild its own military, and the markets know it.

Of course, the usual suspects in the media and globalist political circles are already spinning this as some sort of catastrophe. But here’s the real takeaway: this is exactly what Trump promised—getting America out of Europe’s endless security mess, cutting unnecessary spending, and making our allies finally pull their weight. And if the European markets are any indicator, this strategy is already paying off big time.

President Trump has just set the crypto world on fire, unveiling his long-anticipated Crypto Strategic Reserve—a game-changing move that has sent the digital asset market soaring overnight. The five cryptocurrencies that will make up this reserve—Bitcoin (BTC), Ether (ETH), XRP, Solana (SOL), and ADA—saw immediate spikes in value following the announcement, proving once again that Trump’s influence extends far beyond politics and into the financial future of America.

Trump first hinted at the idea back in January when he signed an executive order to evaluate the potential creation of a U.S. digital asset stockpile. On Sunday, he made it official, rebranding the initiative as the Crypto Strategic Reserve and making clear that America is about to dominate the global crypto landscape. “My Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World,” Trump posted on Truth Social. He also confirmed that BTC and ETH—by far the most valuable cryptocurrencies—would form the foundation of the reserve, adding, “I also love Bitcoin and Ethereum!”

In response, the markets erupted. Bitcoin, which had been languishing at around $86,000 per coin, shot up nearly 10% to almost $93,000. Ether surged 11.6% to $2,476, while XRP jumped to $2.76. Solana—host to Trump’s own memecoin—saw a staggering 20% increase to $168.45, and ADA rose 11.6% to $0.66. Trump’s own meme coin, which had recently suffered a steep drop, also rebounded by over 18.5%.

The announcement signals a major shift in how the U.S. government views digital assets. Under previous administrations, particularly Biden’s, crypto was treated as a financial Wild West—something to be feared, overregulated, and pushed offshore. Trump is flipping that narrative on its head, ensuring that the U.S. doesn’t just participate in the digital currency revolution but leads it. He’s setting the stage for America to become the undisputed crypto capital of the world, drawing in billions in investments and solidifying our dominance over China and the European Union in the digital economy.

This move also sends a clear message to Wall Street and global markets: crypto is no longer a niche or speculative asset class—it’s an integral part of America’s financial future. By incorporating it into the national economic strategy, Trump is putting his stamp on what could be the biggest monetary shift since the abandonment of the gold standard.

But while Trump’s crypto embrace is a win for digital asset holders, it’s bound to send shockwaves through the Washington establishment. Bureaucrats and anti-crypto Democrats have long opposed recognizing cryptocurrencies as legitimate financial assets, fearing they undermine the central banking system. Now, they’ll have no choice but to deal with the reality that Trump is bringing crypto into the fold at the highest levels of government.

Of course, crypto isn’t without its pitfalls. Recent scandals, from Argentina’s Libra coin debacle to influencer-led pump-and-dump schemes, have tarnished the industry’s reputation. But rather than regulate it into oblivion like the previous administration tried to do, Trump is taking a smarter approach—embrace it, regulate it intelligently, and make America the safest, most lucrative place for digital asset innovation.

To solidify his commitment, Trump is hosting a White House cryptocurrency summit on Friday. And in a move that should terrify anti-crypto bureaucrats, he’s appointed Silicon Valley heavyweight David Sacks as the White House crypto and AI czar. With Sacks at the helm and Trump in charge, the message is clear: America is going all-in on the digital economy, and the global financial landscape will never be the same.

President Donald Trump has once again proven that he holds the upper hand in America’s ongoing economic battle with China, and his Commerce Secretary, Howard Lutnick, is making it clear: the U.S. is in the driver’s seat when it comes to tariffs. With China attempting to retaliate against Trump’s latest 10% tariff by filing a lawsuit with the World Trade Organization and issuing its own tariffs, the reality is that Beijing simply doesn’t have the leverage to win this fight.

Lutnick broke it down on Sunday Morning Futures, pointing out the simple math: China sells far more to the United States than the U.S. sells to China. This imbalance gives Trump all the power. “They either end these subsidies and they end making these ingredients for fentanyl, or [Trump]’s going to put tariffs on there,” Lutnick explained. “If they think they’re going to retaliate, remember, they have so much more that they sell to us than we sell to them. It’s not even close. This is not a battle we’re ever going to lose, and the president knows it. He does have the cards, and he’s going to protect America.”

Today on @SundayFutures with @MariaBartiromo, Commerce Secretary Howard Lutnick @howardlutnick spoke about President Trump holding Ukrainian President Zelenskyy accountable over U.S. aid and tariffs on Mexico, Canada and China set to be implemented on Tuesday.@FoxNews pic.twitter.com/GDfPL2z3vw

— SundayMorningFutures (@SundayFutures) March 2, 2025

Trump’s strategy is twofold: cut down on China’s economic advantages and force Beijing to stop fueling America’s fentanyl crisis. Despite endless excuses from past administrations, everyone knows the truth—China is the primary supplier of fentanyl ingredients, which have devastated American communities. Unlike his predecessor, Trump isn’t interested in playing nice or appeasing globalist elites. He’s ready to bring China to its knees with economic firepower.

The numbers speak for themselves. A recent survey from Jungle Scout found that over 70% of products sold on Amazon come from China in some capacity. No other country comes close. The U.S. consumer market is the golden goose, and China simply cannot afford to lose access. That’s why the leftist fear-mongering about a “trade war” rings hollow—China has far more to lose than the United States, and Trump knows it.

This is all part of Trump’s broader economic vision. During his first term, he implemented tariffs to level the playing field, and even Biden couldn’t undo them—keeping most of Trump’s China tariffs in place. However, Biden’s half-hearted May 2024 tariff hikes only raised prices for American consumers while doing little to put pressure on Beijing. Trump, on the other hand, is playing hardball. He initially hinted at 20% tariffs but ultimately reserved the highest rates for Canada and Mexico due to their failure to secure the border.

The fentanyl crisis has been a major driver of Trump’s trade policies. With record amounts of fentanyl being found at both the southern and northern borders, the stakes have never been higher. China has long ignored America’s concerns, but Trump’s tariffs ensure that Beijing will finally feel the economic pain of its reckless actions.

While China may try to push back with WTO complaints and counter-tariffs, it won’t change the facts: the U.S. holds the stronger hand, and Trump is playing to win. If China wants access to American consumers, it’s going to have to clean up its act—no more fentanyl, no more trade cheats, and no more unfair subsidies. Trump is restoring American economic dominance one tariff at a time, and the globalists can’t stand it.

President Donald Trump met with Ukrainian President Volodymyr Zelenskyy in Washington on Friday to finalize a landmark minerals deal—one that could fundamentally reshape the U.S.-Ukraine relationship as the war with Russia enters a new chapter. Unlike the blank checks handed out by the previous administration, Trump is taking a different approach: if Ukraine wants American support, it’s time for Kyiv to offer something in return.

Since returning to the White House, Trump has shifted U.S. policy on Ukraine from an open-ended war strategy to a practical, America-first approach. Rather than funneling endless taxpayer dollars into an unwinnable conflict, Trump has pushed Ukraine to accept reality: peace must come through negotiation, not perpetual dependency on American military aid. The minerals deal reflects this shift—it grants Washington access to Ukraine’s vast rare earth deposits, ensuring that America can recoup some of its prior financial support through economic investments rather than war subsidies.

Under the proposed agreement, Ukraine would contribute 50% of its revenue from natural resource sales—including minerals, oil, and gas—to a joint reconstruction fund managed by both countries. While it doesn’t include U.S. security guarantees, it does lay the groundwork for a more transactional relationship: If Ukraine wants continued support, it must be prepared to give something in return. This is a far cry from the reckless spending spree of the previous administration, which sent billions to Kyiv with no strings attached.

Zelenskyy, for his part, is walking a fine line. He has pushed for continued American military aid, but Trump has made it clear that the days of unlimited handouts are over. Instead, the Ukrainian leader will have to accept that his country may need to make concessions to Russia to end the war. Trump’s blunt assessment that “NATO you can forget about” underscores a reality that the globalist establishment refuses to admit: Ukraine’s NATO ambitions were one of the major flashpoints that led to the war in the first place.

While the usual Washington elites are wringing their hands over Trump’s tough stance, everyday Americans see this for what it is—good old-fashioned deal-making. Instead of wasting taxpayer money on a forever war, Trump is leveraging America’s position to ensure that any future support for Ukraine actually benefits the U.S. economy. It’s a classic Trump move: strong, decisive, and unapologetically pro-America.

Meanwhile, Zelenskyy’s requests for direct weapons purchases and access to frozen Russian assets remain uncertain. Trump has shown little interest in continuing the status quo, instead signaling that it’s time for Europe to step up and take responsibility for its own backyard. He praised Britain’s military strength, implying that if European nations want to continue funding Ukraine’s war effort, they are free to do so—but without expecting America to foot the bill.

Trump is redefining America’s role on the world stage. Gone are the days of limitless spending and endless war. Instead, his administration is focused on securing real benefits for the American people, whether that’s through economic deals or bringing an end to costly foreign entanglements. The minerals deal is just the beginning, and Zelenskyy would be wise to recognize that under Trump, America is no longer in the business of charity—it’s in the business of winning.

President Donald Trump and Elon Musk are making history by taking a sledgehammer to government waste, but even the most ambitious reforms have to face political and bureaucratic resistance. While Musk’s Department of Government Efficiency (DOGE) originally aimed to slash $2 trillion in government bloat, sources inside the Trump White House now suggest a more realistic number is closer to $500 billion. Even so, that’s a monumental achievement in a federal system that has been hemorrhaging money for decades with little accountability.

In its first month alone, DOGE reportedly saved taxpayers around $65 billion—an incredible feat that exposes just how much waste has been baked into the system by career bureaucrats and progressive policymakers. Of course, the usual suspects are already attempting to block Musk’s efforts, arguing that one of the world’s most successful businessmen has no place running a government agency. But if anyone knows how to trim inefficiencies and operate on a results-driven model, it’s the man who turned Tesla and SpaceX into world-class companies. Unlike the lifers in Washington who live to grow government, Musk is showing them what happens when a true innovator is given free rein to clean house.

The left-wing bureaucracy and their media allies are predictably melting down, claiming that Musk is wielding too much power and acting like he’s the president. But here’s the reality: President Trump is the one making the calls, and he chose Musk for a reason. While Democrats obsess over keeping their bloated agencies intact—including funding things like “transgender dance festivals in Bangladesh” and taxpayer-funded condom distributions in Gaza—Trump and Musk are focusing on the real issues that impact everyday Americans.

Meanwhile, the media is salivating over the idea that the Trump-Musk alliance will eventually implode because both men command the spotlight. But sources close to Team Trump say their relationship remains strong, and for good reason—DOGE is working. Even if it doesn’t hit the initial $2 trillion savings goal, a half-trillion-dollar cut to government waste is something no other administration has even come close to attempting.

Most Americans don’t care how many bureaucrats in Northern Virginia lose their cushy, taxpayer-funded jobs. They care about paying their bills, keeping their families safe, and ensuring that their hard-earned money isn’t wasted on nonsense. That’s why the Trump-Musk duo continues to have overwhelming public support, and why the deep state is doing everything it can to derail DOGE. But no amount of whining from progressive think tanks or lawsuits from entrenched government leeches is going to stop this freight train of fiscal responsibility.

Trump and Musk are proving that a leaner, more efficient government isn’t just possible—it’s happening. The days of unchecked spending and massive bureaucratic waste are numbered, and Washington’s ruling class knows it. The real question is: how much will they try to sabotage before Trump and Musk deliver another major win for the American taxpayer?

President Donald Trump is once again proving that he’s the only leader willing to stand up for American workers and businesses by taking bold action against the European Union’s exploitative trade policies. On Feb. 26, Trump announced that his administration will soon impose a 25 percent tariff on imports from the EU, making it clear that the days of America being a doormat for globalist trade manipulation are over.

Speaking during a Cabinet meeting, Trump called out the EU’s long-standing trade practices that have stacked the deck against American manufacturers, farmers, and automakers. While the United States has historically imposed a mere 2.5 percent tariff on passenger cars, the EU slaps a 10 percent tariff on American vehicles. And that’s not even counting the layers of European value-added taxes, which range from 17.5 percent and higher, making American goods even less competitive in European markets.

Trump isn’t having it. He bluntly stated that the EU was “formed to take advantage of the United States” and has been doing just that for decades. “They don’t accept our cars. They don’t accept, essentially, our farm products. They use all sorts of reasons why not, and we accept everything from them,” he said.

Predictably, the EU is already throwing a tantrum, vowing to “react firmly and immediately” to what they call “unjustified barriers to free and fair trade.” Free and fair? That’s rich coming from a bloc that has systematically protected its industries while expecting America to play by a different set of rules. The reality is that the EU fears a level playing field because they know they can’t compete when the rules are applied equally.

The move against Europe comes on the heels of Trump’s already aggressive stance on trade with Canada and Mexico. Earlier this year, he announced a 25 percent tariff on those two trading partners over their failure to curb illegal immigration and the flow of deadly fentanyl into the United States. After last-minute negotiations, Trump agreed to delay those tariffs for 30 days to give Canada and Mexico a chance to get their act together. Now, he has confirmed those tariffs will officially take effect on April 2.

Of course, the media and the usual batch of globalist economists are clutching their pearls, warning that these tariffs could raise prices for Americans. Some even claim they could increase fuel costs by 10 percent. But Trump isn’t buying the hysteria. “I think you’re going to see something that’s going to be amazing,” he assured reporters.

The truth is, America has been getting ripped off on trade for far too long, and the elites in Washington—on both sides of the aisle—have done nothing about it. They’ve let foreign nations impose tariffs, taxes, and regulatory roadblocks on American goods while allowing the U.S. market to be flooded with cheap, subsidized imports that kill jobs and crush domestic industry. Trump’s tariffs are a long-overdue correction to an economic system that has been stacked against America.

The EU, Mexico, and Canada can whine all they want, but the bottom line is simple: If they want access to the American market, they’re going to have to play fair. And if they retaliate? Trump put it best: “They can try, but they can’t.”

President Donald Trump’s administration is following through on its commitment to dismantle the bloated bureaucracy, starting with one of the most notorious federal agencies—the IRS. The Department of Government Efficiency (DOGE), led by none other than Elon Musk, has begun shutting down IRS office buildings across the country, marking another step toward Trump’s vision of a streamlined government that works for the people instead of against them.

Last week, reports surfaced that around 6,000 IRS employees would be shown the door as part of these budget cuts, a move that is already sending the left into hysterics. Critics claim these closures will make tax season more difficult for Americans, but the reality is clear—the IRS has long been an overreaching, inefficient money grabber that punishes hardworking citizens while letting D.C. insiders and foreign corporations get away with financial gymnastics. For decades, this agency has been weaponized to harass political opponents, squeeze small businesses dry, and ensure that unelected bureaucrats live high on the hog at taxpayers’ expense.

DOGE’s “Wall of Receipts,” a live tracker of its cost-cutting efforts, revealed the list of IRS office closures, with locations in Massachusetts, Hawaii, Texas, Oregon, Tennessee, Vermont, Idaho, and Iowa among the first to go. The financial burden of these unnecessary facilities was staggering, with leases ranging from $40,000 to over $1 million annually. That’s just a fraction of the billions of dollars wasted every year maintaining an agency that is fundamentally broken.

Naturally, Democrats and deep-state bureaucrats are losing their minds over these closures. Oregon Senator Ron Wyden has already accused Musk and DOGE of planning to “dig through a trove of data about every taxpayer in America,” an ironic claim coming from the party that once cheered when Obama’s IRS targeted conservative groups. Former IRS commissioners are warning that these changes could disrupt tax collection, as if Americans are supposed to be upset that their government is being forced to tighten its belt for once.

Trump has made it clear that his long-term goal is to eliminate the income tax altogether and replace it with tariffs on foreign nations—forcing China, Mexico, and others to foot the bill for America’s greatness. As Commerce Secretary Howard Lutnick bluntly stated, the administration’s objective is to “abolish the Internal Revenue Service and let all the outsiders pay.” Trump himself reinforced this idea during his inaugural address, declaring, “Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens.”

The establishment is panicking because they know what’s coming next—more closures, more cuts, and ultimately, an end to the IRS as we know it. The days of unchecked government overreach and oppressive taxation are numbered. While bureaucrats in Washington whine about “efficiency challenges,” everyday Americans are cheering the fact that the swamp is finally being drained. Elon Musk and President Trump aren’t just cutting waste; they’re restoring power to the people. And this is just the beginning.