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29-04-2025, 09:02 PM
“It’ll take a little while before we do that, but we’re going to be cutting taxes, and it’s possible we’ll do a complete tax cut, because I think the tariffs will be enough to cut all of the income tax.”
The president said his administration would begin by cutting taxes for people who make less than $200,000 a year.
But he acknowledged that tariff revenue would also need to be used for purposes other than replacing income taxes. For example, Trump said tariffs would need to be used to pay down America’s debt, too.
“Now, we have a lot of debt that’s been left to us, you know, unfortunately, over many years,” Trump said. “We’ll take care of that with the tariffs.”
https://edition.cnn.com/2025/04/28/busin...index.html
The president said his administration would begin by cutting taxes for people who make less than $200,000 a year.
But he acknowledged that tariff revenue would also need to be used for purposes other than replacing income taxes. For example, Trump said tariffs would need to be used to pay down America’s debt, too.
“Now, we have a lot of debt that’s been left to us, you know, unfortunately, over many years,” Trump said. “We’ll take care of that with the tariffs.”
https://edition.cnn.com/2025/04/28/busin...index.html
