#TrumpTaxCuts

President Trump proposed lowering income taxes to offset the impact of the wide-ranging tariffs he imposed, suggesting the possibility of completely eliminating taxes for those earning less than $200,000 annually. He emphasized that the tariffs would create "great wealth for America" by establishing factories and new job opportunities. His comments came amid growing concern among Americans that his policies would raise the prices of goods, according to recent polls. Trump also hinted again at the possibility of replacing income tax with tariffs. While economists question the ability of tariffs alone to generate sufficient revenue, Republicans are seeking to support his legislative agenda, particularly the extension of the 2017 tax cuts.