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The President of the United States, Donald Trump, who has suggested a tax cut.
The President of the United States, Donald Trump, in a file photograph. EFE/Francis Chung/Pool
Trump suggests tax cuts for incomes below $200,000 per year
April 27, 2025
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New York (EFE).- The President of the United States, Donald Trump, announced this Sunday the possibility that when tariffs take effect, there will be a reduction or elimination of income taxes for individuals earning less than $200,000 a year.
"When the tariffs take effect, the income taxes of many people will be substantially reduced, perhaps even completely eliminated. The focus will be on those earning less than $200,000 a year," the Republican president wrote today on his social network, Truth Social.
Trump also emphasized in his message that the U.S. is creating many jobs with new plants and factories under construction.
"It will be a bonanza for the United States!!! The External Tax Service is underway!!!", concluded Trump.
This week, a coalition of twelve states, led by the attorneys general of Oregon and Arizona, filed a lawsuit seeking to block the tariffs imposed by Trump, arguing that the imposed fees are "illegal."
