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douglas9

(5,384 posts) Fri Nov 28, 2025, 05:58 AM Nov 28

Trump says he may cut income tax 'completely' because of tariff income [View all]

PALM BEACH, Florida, Nov 27 (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

n/t

https://www.reuters.com/world/trump-says-he-may-cut-income-tax-completely-because-tariff-income-2025-11-28/

61 replies

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Trump says he may cut income tax 'completely' because of tariff income [View all] douglas9 Nov 28 OP

Sounds like we'll be funding the Government through a form of a no_hypocrisy Nov 28 #1

we'll be doing this in about 2 weeks rampartd Nov 28 #5

it's not gonna happen LymphocyteLover Nov 28 #41

If this ever happens it would be a hugely regressive tax FakeNoose Nov 28 #21

Yep, and it will hit low income workers the hardest Attilatheblond Nov 28 #29

Trump is defunding the US govt. Irish_Dem Nov 28 #2

What about Federal tax..... Lovie777 Nov 28 #3

State and local taxes will have to increase to compensate for loss of federal dollars. Irish_Dem Nov 28 #10

Loss of FEMA disaster assistance, alone, will bust state budgets. Add to that allegorical oracle Nov 28 #20

Bankruptcy and Great Depression seem to be the goals. Irish_Dem Nov 28 #26

That should do it Norbert Nov 28 #45

Yes defunding the US federal government is the end game. Irish_Dem Nov 28 #52

Has he ever paid income taxes? Never produced his returns for his first or second allegorical oracle Nov 28 #59

Property taxes will go up astronomically. Middle class will be unable to hold onto their homes Attilatheblond Nov 28 #28

In an already absurd housing market. People can no longer afford to buy a home. Irish_Dem Nov 28 #35

They live in apartments, at the mercy of wealty apartment owners Attilatheblond Nov 28 #38

;-{) Goonch Nov 28 #4

Basically it will be a Federal Sales Tax. The most regressive tax possible. Liberal In Texas Nov 28 #6

Yes indeed ... that's exactly what he's talking about FakeNoose Nov 28 #22

That means the federal government will have total control over states................. Lovie777 Nov 28 #32

In Journalism 101, they teach that the Penthouse Forum letters are not real maxrandb Nov 28 #7

This is not going to happen videohead5 Nov 28 #8

This is basically what the Heritage Foundation is all about -- getting rid of the federal income tax. SunSeeker Nov 28 #9

Better idea liberalgunwilltravel Nov 28 #11

Kind of like cutting the truth because all of the lies? Turbineguy Nov 28 #12

How does Trump make money off of this plan? Irish_Dem Nov 28 #13

This is his way of continuing a bad policy Baitball Blogger Nov 28 #14

#PEDOnald: "the money we're taking in is going to be so large" area51 Nov 28 #15

Never going to happen. Just another of his lies. n/t Paper Roses Nov 28 #16

He may climb up the beanstalk and find the goose that lays the golden eggs, too DFW Nov 28 #17

. Scrivener7 Nov 28 #18

OMG, just STFU, Piggy. tanyev Nov 28 #19

Wow... 5 thou from Doge, $2 thou from bonus, tavernier Nov 28 #23

Trump has the ability to do the same thing over and over and expect better results. twodogsbarking Nov 28 #24

Hey presidunce simpleton... 3825-87867 Nov 28 #25

Just another lie Farmer-Rick Nov 28 #27

He will give us the details.The second tuesday of next week Tribetime Nov 28 #30

He's so full of shit. Gimpyknee Nov 28 #31

Yes, and whoever is responsible for changing his XXXL Depends knows that better than anyone. llmart Nov 28 #34

I won't hold my breath. llmart Nov 28 #33

This may be the single most idiotic thing he has ever said Wiz Imp Nov 28 #36

Please! 25th Amendment fucking now! LymphocyteLover Nov 28 #44

Delusional BULLSHIT from a known whackadoodle is now news - how NoMoreRepugs Nov 28 #37

Agreed. The MSM should simply report..... paleotn Nov 28 #53

An update says he plans on correcting any shortfalls by taxing taco's yaesu Nov 28 #39

He's said this before, and it's complete bullshit NickB79 Nov 28 #40

More insanity from the delusional orange cretin LymphocyteLover Nov 28 #42

How do you fund social security then? Karma13612 Nov 28 #43

He and his cronies pay little to no income taxes now Norbert Nov 28 #46

Might be talking about capital gains tax and his addled mind can't tell the difference. paleotn Nov 28 #49

Welcome to the national sales tax!!!! paleotn Nov 28 #47

Well, He's Nuts ProfessorGAC Nov 28 #48

We used to fund the government this way Henry203 Nov 28 #50

TRump just says stuff off of the top of his head. N/T Jacson6 Nov 28 #51

"Trump speak" comes from out of his ass. oasis Nov 28 #54

This would hurt the red states Bluestocking Nov 28 #55

I am still waiting for my Doge Dividend Redleg Nov 28 #56

Oligarchs win, again! Yes! Kid Berwyn Nov 28 #57

Is that tariff income there in the room with you now? Ritabert Nov 28 #58

What an idiot edhopper Nov 28 #60

We've only gone further into debt since this fascist fool took office. W_HAMILTON Nov 28 #61