
Trump Vows Major Income Tax Cuts
United States President Donald Trump announced that many Americans could see their income taxes substantially reduced, or even eliminated, once new tariff revenues take effect. Trump's focus is on easing the tax burden for citizens earning less than $200,000 per year.
In a post on Truth Social, Trump emphasized that "the focus will be on people making less than $200,000 a year," aiming to deliver financial relief to working- and middle-class Americans.
Trump also highlighted significant job growth, noting a "massive" number of new positions being created across the country, with many new plants and factories either under construction or in planning stages. He characterized the current momentum as a "bonanza for America," pointing to an economic surge fueled by domestic investment and industrial expansion.
Trump’s remarks signal a broader effort by his administration to leverage tariff revenues for direct economic benefits, aiming to boost employment and prosperity during his second term.