#TrumpTaxCuts

This means that the American President Trump wants to reduce or eliminate the federal tax as soon as the new tariffs take effect, in order to use the expected revenues from these new taxes to finance significant tariff reductions, particularly for low-income individuals, that is, those with incomes below $200,000, with a possibility of eliminating them for this category.

These tariff increases will offset the losses resulting from this tax cut, which will allow a slight move away from traditional tax dependency.

1_ This tax model aims to increase spending and support the middle class.

2_ Strengthen American industry and bring American companies located abroad back to domestic production through protection and tax incentives.

3_ Reduce the trade deficit through tariffs on imports and achieve the principle of reciprocal treatment with other countries.

That said, this new tax policy could have disastrous outcomes, including:

1_ Insufficient customs revenues to cover the proposed tax cuts.

2_ An increase in inflation and prices.

3_ An increase in public debt due to the gap between revenues and expenditures.