#TrumpTaxCuts President Trump proposed a new income tax cut on Sunday as a way to mitigate the effects of his extensive tariffs, which polls show more and more Americans believe are leading to price increases.

"When the tariffs take effect, the income taxes of many people will be significantly reduced, possibly even completely eliminated," Trump wrote in a post on his platform Truth Social on Sunday.

"Attention will be focused on people earning less than $200,000 a year," he continued.