Trump floats income tax cut to ease tariff impact

President Trump floated a new income tax cut Sunday as a way to mitigate the impact of his sweeping tariffs, which polls show Americans increasingly believe will lead to higher prices.

“When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated,” Trump wrote in a post Sunday on his Truth Social platform.

“Focus will be on people making less than $200,000 a year,” he continued.