Can Trump's tariffs truly cut Income taxes for Americans earning less than $200,000? Check details
- Posted on May 5, 2025
- By Business News Today
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Can Trump's tariffs truly cut Income taxes for Americans earning less than $200,000? Check details

President Trump had recently dropped hints about eliminating income taxes for people earning less than $200,000 per year. "When Tariffs cut in, many people's Income Taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than $200,000 a year," he wrote. But experts have expressed apprehension over Trump's claims.