Donald Trump made the suggestion on Sunday that his tax laws will cause many people to pay an” substantially reduced” or “even totally eliminated” income tax.
Trump stated in a Sunday article on Truth Social that “many women’s Income Taxes may be significantly reduced, perhaps even fully eliminated, when tariffs are enacted.” People who earn less than$ 200, 000 annually will be the focus.
Additionally,” a lot of work are already being created, with fresh flowers and businesses being constructed or planned,” Trump continued. It will be a” BONANZA FOR AMERICA!” EXTERNAL REVENUE SERVICE IS AVAILABLE! “!
In remarks to reporters on Sunday, the 47th president addressed the issues of revenue cuts and taxes in addition to his remarks on Truth Social.
Trump sends important messages to Americans in the wake of taxes.
Trump stated to reporters on Sunday that his administration’s tariffs are” strong” and that the United States is” taking in a lot of money from tariffs.” Trump claimed that the United States was “losing billions of dollars a moment” before taking office in January, in contrast to his predecessors.
Trump said,” Then, we’re doing great, and we haven’t even kicked in yet.” Because the money is therefore great coming in from tariffs,” And ultimately, we’ll be able to reduce taxes pretty significantly for the people of our country,” he said.” And hopefully we’ll be able to reduce taxes to a pretty large extent, sometimes almost completely.”
The president can be heard telling reporters,” We’re going to make a lot of money, and we’re going to cut taxes for the people of this country,” in another video of Trump’s comments on Sunday.
A complete tax cut” could be” possible, according to Trump, “due to the revenue raised from the tariffs his administration has imposed on other countries,” although it will take a while before the federal government is able to cut taxes.
Trump continued,” We’re going to be giving people of this country a tremendous tax cut, and we’re going to start with people making less than$ 200, 000 a year, if people only understood the tariffs.”
