#TrumpTaxCuts U.S. President Donald Trump reaffirms his commitment to tariffs, emphasizing that such an approach could lead to American citizens who pay income tax seeing their taxes 'seriously reduced, or possibly even eliminated completely.'

'The External Revenue Service' is on the way: Trump is considering the possibility of abolishing income taxes. Trump claims that as tariff revenues accumulate, income taxes for Americans could be significantly lowered or completely eliminated. Currently, data shows that approximately $215 million is collected daily from tariffs, with forecasts suggesting revenue increases by 2025, reaching about $166.6 billion. The U.S. President believes that this revenue stream will continue to grow, possibly eliminating income taxes for a significant portion of Americans.