President Trump Says We’re On Track To REMOVE The Income Tax
By M Winger
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.