PALM BEACH, Florida (Reuters) -U.S. President Donald Trump said on Thursday his administration may slash income tax completely over the next couple of years because of government revenue generated from tariffs. “Over the next couple of years, I think we’ll substantially be cutting and maybe cutting out completely, but we’ll be cutting income tax. Could […]
U.S.
Trump says he may cut income tax ‘completely’ because of tariff income
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PALM BEACH, Florida (Reuters) -U.S. President Donald Trump said on Thursday his administration may slash income tax completely over the next couple of years because of government revenue generated from tariffs.
“Over the next couple of years, I think we’ll substantially be cutting and maybe cutting out completely, but we’ll be cutting income tax. Could be almost completely cutting it because the money we’re taking in is going to be so large,” Trump told U.S. military service members on a video call.
(Reporting by Jeff Mason and Ismail Shakil; Editing by Tom Hogue)