#TrumpTaxCuts Trump proposes an income tax cut to alleviate the tariff impact

President Trump proposed on Sunday a new income tax cut as a way to mitigate the impact of his extensive tariffs, which polls show Americans increasingly believe will lead to higher prices.

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

"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, claiming that "huge amounts of jobs are already being created, with new plants and factories under construction or planned. It will be a bonanza for the United States! The External Revenue Service is on the way!".