Archive · 28 Nov 2025
Trump Proposes Cutting Income Tax with Tariff Revenue
President Trump said that because of the money the US is making from tariffs, he wants to cut income taxes a lot, maybe even get rid of them completely.
He also promised to give every American at least $2000, except for people who make a lot of money.
He said this would help pay down the country's big debt and make the economy stronger.
He also said the US is doing really well with the stock market and people's retirement savings are at the highest they've ever been.
President Trump proposed cutting income tax, potentially eliminating it, using revenue from tariffs.
He promised a dividend of at least $2000 per person, excluding high-income individuals.
Trump criticized those against tariffs, claiming they are beneficial for the US economy.
He mentioned that the US is taking in trillions of dollars and will start paying down the $37 trillion debt.
Trump highlighted record stock market performance, low inflation, and high 401k values.
- Who
- US President Donald Trump
- What
- Proposed cutting income tax and paying dividends to Americans
- When
- Remarks made on Thursday, additional post on Truth Social
- Where
- US
- Why
- To utilize revenue from tariffs and benefit Americans
- Proposal
- Cutting income tax, potentially eliminating it
- Source of Revenue
- Tariffs on trading partners
- Economic Claims
- Record stock market, low inflation, high 401k values
