President Donald Trump has insisted that millions of Americans might see their income taxes cut as a result of his sweeping tariffs.
In a Truth Social post Sunday morning, the president claimed many families will see their income taxes “substantially reduced” or even “completely eliminated” once Washington begins to see revenue from his self-described “reciprocal” tariff policy.
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Trump said the administration would focus on reducing income taxes for individuals making less than $200,000 a year.
“It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!” Trump wrote, touting new jobs creation.
Trump announced sweeping tariffs on dozens of nations set to be enacted earlier this month, placing a universal 10% tariff rate
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