#TrumpTaxCuts Donald Trump has recently suggested a bold shift in U.S. fiscal policy, stating that federal income taxes could be *substantially reduced or even eliminated* under the newly implemented tariff regime. According to Trump, the revenue generated from these tariffs could potentially replace income taxes, particularly benefiting individuals earning less than $200,000 annually.

This proposal aligns with his vision of funding the government through what he calls an "External Revenue Service," relying on import duties instead of traditional income taxes. Trump emphasized that this approach could lead to a surge in domestic job creation and factory construction, describing it as a "bonanza for America."

While the idea has sparked optimism among supporters, economists remain skeptical about whether tariff revenue alone could fully offset the federal income tax. Regardless, this marks a significant moment in the ongoing debate over taxation and economic strategy in the U.S.