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Trump floats income tax cut to ease tariff impact

Business,Politics,Taxes

From the Center

President Trump floated a new income tax cut on Sunday as a way to mitigate the impact of his sweeping tariffs, which polls show Americans increasingly believe will lead to higher prices. “When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated,” Trump wrote in a post on his Truth Social platform on Sunday. “Focus will be on people making less than $200,000 a year,” he continued. Trump defended the strategy behind his steep tariffs in his post, maintaining “massive numbers of jobs are...

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