Trump Floats New Income Tax Cut in Bid to Ease Tariffs Bite
President Donald Trump
Photographer: Al Drago/BloombergThis article is for subscribers only.
President Donald Trump suggested Sunday that his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year, as public anxiety rises over his economic agenda.
Trump has previously argued that tariff revenue could replace income taxes, though economists have questioned those claims.