#TrumpTaxCuts American President Trump wishes to reduce or eliminate the federal tax as soon as the new tariffs take effect in order to use the anticipated revenue from these new tariffs to fund significant tariff reductions, particularly for low-income individuals, meaning those whose income is below 200,000 dollars, with a possibility of eliminating them for this category. These tariff increases will offset the losses resulting from this tax reduction, allowing for a slight move away from traditional tax dependency.