#TrumpTaxCuts

Trump promised an “almost total” reduction of the income tax when the tariffs on foreign products come into effect.

The President of the USA stated that taxpayers earning less than USD 200,000 annually will be the main beneficiaries of his tax reform.

The President of the United States, Donald Trump, announced this Sunday that his administration plans to substantially reduce or even eliminate the income tax for millions of Americans once the new tariffs on foreign products come into effect, which would represent a radical shift in the country’s fiscal policy.

“When the tariffs start, many people's income tax will be substantially reduced and even completely eliminated,” declared the Head of State through his platform Truth Social, specifying that the main beneficiaries would be taxpayers earning less than 200,000 dollars annually (approximately 175,000 euros).

This proposal constitutes a fundamental change in the American tax system, which has traditionally relied mainly on income and corporate profit taxes to finance federal government operations. Trump’s plan suggests a shift towards a model where tariffs on imports would become a primary source of government revenue.