#TrumpTaxCuts President Trump proposed on Sunday a new income tax cut as a way to mitigate the impact of his broad tariffs, which, according to polls, Americans increasingly believe will lead to a rise in prices.

"When tariffs are reduced, the income taxes of many people will be substantially lowered, perhaps even eliminated entirely," Trump wrote in a post on his Truth Social platform on Sunday.

"We will focus on people who earn less than $200,000 a year," he continued.

Trump defended the strategy behind his high tariffs in his post, arguing that "massive amounts of jobs are already being created, with new plants and factories currently being built or planned." It will be a bonanza for the United States! The External Revenue Service is on the move!!!