#TrumpTaxCuts

President Trump proposed on Sunday a new income tax cut as a way to mitigate the impact of his broad tariffs, which according to polls Americans increasingly believe will lead to higher prices.

"When tariffs are reduced, the income taxes of many people will be substantially reduced, maybe even completely eliminated," Trump wrote in a post on his Truth Social platform on Sunday.

"We will focus on people earning less than $200,000 a year," he continued.

Trump defended the strategy behind his high tariffs in his post, stating that "huge amounts of jobs are already being created, with new plants and factories under construction or planned. It will be a bonanza for the United States! The External Revenue Service is in motion!".

The comments echo previous suggestions from the president about the possibility of completely eliminating the federal income tax and replacing it with tariffs or other levies. Some economists have questioned the viability of generating enough revenue through tariffs.