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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. β€œWhen 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. β€œFocus 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 β€œmassive numbers of jobs are...

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