President Donald Trump said that some people's income taxes will be lowered or perhaps even completely eliminated due to tariffs.
"When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than $200,000 a year," he declared in a post on Truth Social.
"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!!!" the president added.
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Trump says income tax cuts, and perhaps elimination, coming due to tariffs
- by: Alex Nitzberg
- 04.28.25
- Source:
Fox News
- 04/29/2025
black Android smartphone near ballpoint pen, tax withholding certificate on top of white folder by Kelly Sikkema is licensed under Unsplash unsplash.com
black Android smartphone near ballpoint pen, tax withholding certificate on top of white folder by Kelly Sikkema is licensed under Unsplash unsplash.com
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