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Trump Floats New Income Tax Cut in Bid to Ease Tariffs Bite#TrumpTaxCut
Trump's First 100 Days:
Sinking Popularity
Inside 100 Dizzying Days
The Policy Mastermind
Tariffs
Court Cases to Watch
Executive Orders
Politics
Trump Floats New Income Tax Cut in Bid to Ease Tariffs Bite

President Donald Trump
Photographer: Al Drago/Bloomberg
By Catherine Lucey
April 27, 2025 at 8:57 PM GMT+5:30
Updated on
April 28, 2025 at 4:02 AM GMT+5:30
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Translate
3:52
Takeaways NEW
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President Trump suggests that his tariffs will help reduce income taxes for people making less than $200,000 a year.
Summary by Bloomberg AI
Trump's administration is working on bilateral trade deals with 17 key trading partners, excluding China, and is pushing for a trade deal with China, which Beijing has denied.
Summary by Bloomberg AI
Trump wants to extend and expand tax breaks, including exempting workers' tips and social security earnings, and slashing the corporate tax rate to 15% from 21%.
Summary by Bloomberg AI
Watch

3:21
Temu and Shein to Pass All Of Trump Tariffs To US Shoppers
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President Donald Trump suggested Sunday that his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year, as public anxiety rises over his economic agenda.
Trump has previously argued that tariff revenue could replace income taxes, though economists have questioned those claims.
“When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than $200,000 a year,” he said Sunday on his Truth Social network.
Trump’s tariff stances have roiled markets, led to fears of higher prices for Americans, prompted recession warnings and sparked bouts of concern about the US’s haven status — a fear that Treasury Secretary Scott Bessent questioned in a Sunday interview.
Trump's First 100 Days:
Sinking Popularity
Inside 100 Dizzying Days
The Policy Mastermind
Tariffs
Court Cases to Watch
Executive Orders
Politics
Trump Floats New Income Tax Cut in Bid to Ease Tariffs Bite

President Donald Trump
Photographer: Al Drago/Bloomberg
By Catherine Lucey
April 27, 2025 at 8:57 PM GMT+5:30
Updated on
April 28, 2025 at 4:02 AM GMT+5:30
Save
Translate
3:52
Takeaways NEW
Hide
President Trump suggests that his tariffs will help reduce income taxes for people making less than $200,000 a year.
Summary by Bloomberg AI
Trump's administration is working on bilateral trade deals with 17 key trading partners, excluding China, and is pushing for a trade deal with China, which Beijing has denied.
Summary by Bloomberg AI
Trump wants to extend and expand tax breaks, including exempting workers' tips and social security earnings, and slashing the corporate tax rate to 15% from 21%.
Summary by Bloomberg AI
Watch

3:21
Temu and Shein to Pass All Of Trump Tariffs To US Shoppers
More Like This
Politics
Trump to Offer Auto Tariffs Reprieve After Carmaker Appeals
Politics
Philippines Aims to Lower US Tariff to Zero During Talks
President Donald Trump suggested Sunday that his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year, as public anxiety rises over his economic agenda.
Trump has previously argued that tariff revenue could replace income taxes, though economists have questioned those claims.
“When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than $200,000 a year,” he said Sunday on his Truth Social network.
Trump’s tariff stances have roiled markets, led to fears of higher prices for Americans, prompted recession warnings and sparked bouts of concern about the US’s haven status — a fear that Treasury Secretary Scott Bessent questioned in a Sunday interview.
UPDATE:
President Trump wrote about the benefit of ‘Tariff money’ saying that Income taxes could be reduced or even eliminated 😳🔥.#TrumptaxCuts
President Trump wrote about the benefit of ‘Tariff money’ saying that Income taxes could be reduced or even eliminated 😳🔥.#TrumptaxCuts
Hello Friends .
🔥 JUST IN:
U.S. Treasury Secretary, Scott Bessent, stated that India could be one of the first countries to sign a new trade deal with the US!
This means India could avoid a 26% tariff set to take effect in July 2025.
The deal is highly possible because India has low tariffs and few trade restrictions!
Good news for India😍🔥....
🔥 JUST IN:
U.S. Treasury Secretary, Scott Bessent, stated that India could be one of the first countries to sign a new trade deal with the US!
This means India could avoid a 26% tariff set to take effect in July 2025.
The deal is highly possible because India has low tariffs and few trade restrictions!
Good news for India😍🔥....
Hello Friends and My Followers .
👀 NEWS: Read this .
In India, crypto investors have been slapped with heavy taxes (30% on profits and 1% TDS on transactions), strict KYC requirements, and a lack of strong consumer protection!
Unlike traditional finance, there’s no clear way to resolve issues with crypto exchanges, making investing riskier and raising concerns about overregulation.
Please exercise extreme caution whilst carrying out Crypto related activities!
Good day to you all for profitable trading.
👀 NEWS: Read this .
In India, crypto investors have been slapped with heavy taxes (30% on profits and 1% TDS on transactions), strict KYC requirements, and a lack of strong consumer protection!
Unlike traditional finance, there’s no clear way to resolve issues with crypto exchanges, making investing riskier and raising concerns about overregulation.
Please exercise extreme caution whilst carrying out Crypto related activities!
Good day to you all for profitable trading.
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Hello to all my followers and friends .
This is my portfolio friends but my all money lost. I never get profit in any trading by my luck.how ,don't know? how to make sure profit with different types of trading in binance ? First of all here is many scammer in binance who launched different types of token pair in binance to make fraud with innocent people those who startup.
plz make sure while you trade or deposite or withdrawal in any token . deeply check first..and trade is good 💯 for us. otherwise don't lose your money . . every day i am trying with smaller amount 200 to 500 per day in binance but totally loss. i don't know how?????????
take care . Best of luck to all my followers .and friends . be careful 🙏😜
See original
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BREAKING:
Polygon Labs x Pyse: Green EVs on the Blockchain
Polygon Labs has partnered with Pyse to tokenize electric delivery motorcycles in Dubai!
Pyse also plan to expand into India’s booming EV market!
This partnership merges DeFi with real-world impact.
Big W for both countries on the path to a more inclusive financial system!
Polygon Labs x Pyse: Green EVs on the Blockchain
Polygon Labs has partnered with Pyse to tokenize electric delivery motorcycles in Dubai!
Pyse also plan to expand into India’s booming EV market!
This partnership merges DeFi with real-world impact.
Big W for both countries on the path to a more inclusive financial system!
JUST IN: President Trump, speaking at press conference says: “We’re going to get along great with China, no doubt about it.”
He also added: “We’re going to live together very happily and ideally work together.”
Good news for the market and tariff wars!
He also added: “We’re going to live together very happily and ideally work together.”
Good news for the market and tariff wars!
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Hello, due to the upgrade of the staking pool revenue version, the current revenue model has been changed as follows:
💸💸The BEP staking ecosystem recently launched a staking reward program.
Daily yields range from 15% to 51%.
🟢BEP-One-Day Staking Program
👍[Purchase restrictions: each person can participate at most once]
🎉Investment amount range: 9 USDT - 19 USDT
Telegram Games Day
builders, game devs, contest participants — that's for you
we're going to share everything we know about Telegram Games
April 27
details soon
🇦🇪
Notcoin Community:
Dubai, UAE
April 27, Sunday
see you there
builders, game devs, contest participants — that's for you
we're going to share everything we know about Telegram Games
April 27
details soon
🇦🇪
Notcoin Community:
Dubai, UAE
April 27, Sunday
see you there
Login to explore more contents