President Trump said Sunday that his tariff policy could slash or even wipe out income taxes for workers making under $200,000.
He posted on Truth Social that it would shift the tax burden and fuel a factory and jobs boom.
Trump called it a “BONANZA FOR AMERICA” and hinted at a new “External Revenue Service.”
He said new plants and factories are already being built across the country.
So far, we’ve made around $15 billion from tariffs.
“When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated… It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!” –President Donald J. Trump
pic.twitter.com/AoqnzOvyv0
— The White House (@WhiteHouse) April 27, 2025
Breitbart reports:
President Donald Trump said Sunday that his tariff policy will substantially reduce, even completely eliminate, income taxes for some American workers.
“When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated,” Trump wrote in a 6:06 a.m. post on Truth Social. “Focus will be on people making less than $200,000 a year.”
Trump continued, “Also, massive numbers of jobs are already being created, with new plants and factories currently being built or planned. It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!
Trump has promoted an “external revenue service” before but may be citing the attractive idea again in the face of continuing criticism by detractors that he has launched a destructive “trade war” that has rattled the U.S. stock market and will result in higher prices for consumers.
It’s not like tariffs are going to bring companies back to the US… oh wait:
OOPS. That thing that the “experts” say never happens when you do tariffs… HAPPENED AGAIN!! pic.twitter.com/QkOmmhDm52
— Breitbart News (@BreitbartNews) April 28, 2025
But isn’t removing income tax evil?
Why shouldn’t the government steal a cut of our paycheck? (Sorry, just trying to think like a liberal for a moment.)
BREAKING: President Trump says “I think the tariffs will be enough to cut all of the income tax.”
This after news this week his tariffs have already generated 15 BILLIONpic.twitter.com/BPEjCOxkPn
— TaraBull (@TaraBull808) April 27, 2025
It all goes back to the creation of the Federal Reserve and the sinking of the Titanic to eliminate those that opposed it’s creation.
MJ Truth writes:
Oh yeah… Trump knows
America use to be very wealthy with Tariff’s on Foreign Countries
“Then in 1913, for reasons unknown to Mankind, they established the income tax.”
Do you realize what he is eluding to?
What happened in 1912?
Who was on the Titanic?
Who was not on the Titanic?
Who canceled the last minute?
What happened shortly after?
Oh yeah… Trump knows
America use to be very wealthy with Tariff’s on Foreign Countries
“Then in 1913, for reasons unknown to Mankind, they established the income tax.”
Do you realize what he is eluding to?
What happened in 1912?
Who was on the Titanic?
Who was not on… pic.twitter.com/TTAycuQ37z— MJTruthUltra (@MJTruthUltra) April 2, 2025
This is a Guest Post from our friends over at WLTReport.
View the original article here.
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