President Donald Trump announced that tariffs on U.S. trading partners will reduce tax rates for those earning under $200,000 annually. He indicated these tariffs could lower or eliminate income taxes for this group and highlighted job creation through new factories and plants. Trump aims to extend his 2017 tax cuts, expiring soon, and has proposed no taxes on tips or Social Security payments. He also expressed willingness to increase taxes on millionaires to finance these cuts, emphasizing his commitment to maintaining low taxes for middle-income earners.
Tags #Government, #Politics, #WhiteHouse
Lucem News Editor’s Opinion: Only Trump could figure out how to cut taxes for the middle class, grow jobs, and slap the globalists with tariffs—all while making rich liberals chip in more; Biden can barely figure out how to log into Zoom.
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