#TrumpTaxCuts proposes a cut in income tax to alleviate the tariff impact
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 higher prices.
"When tariffs are reduced, the income taxes of many people will be substantially reduced, perhaps even eliminated completely," Trump wrote in a post on Sunday on his Truth Social platform.
"We will focus on people earning less than $200,000 a year," he continued.