President Trump: Tariffs Will Lead to Income Tax Relief, Even Elimination
President Donald Trump said Sunday that his tariff policy will substantially reduce, even completely eliminate, income taxes for some American workers.
“When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated,” Trump wrote in a 6:06 a.m. post on Truth Social. “Focus will be on people making less than $200,000 a year.”
Trump continued, “Also, massive numbers of jobs are already being created, with new plants and factories currently being built or planned. It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!
Trump has promoted an “external revenue service” before but may be citing the attractive idea again in the face of continuing criticism by detractors that he has launched a destructive “trade war” that has rattled the U.S. stock market and will result in higher prices for consumers. (Read more from “President Trump: Tariffs Will Lead to Income Tax Relief, Even Elimination” HERE)
