#TrumpTaxCuts

Donald Trump, president of the United States, announced plans for a significant reduction or elimination of the income tax for many Americans, linked to the implementation of new tariffs on imported products. Through his Truth Social platform, Trump indicated that taxpayers with annual incomes below $200,000 would be the primary beneficiaries of this tax reform. This proposal represents a drastic change in the U.S. tax system, which has traditionally relied on income and corporate profits taxes for federal government funding.