Posted on 04/29/2025 12:33:56 PM PDT by Red Badger
President Donald Trump got tens of thousands of likes on Truth Social when he announced that his recently introduced tariffs could lead to substantial reductions in income taxes for American workers earning less than $200,000 a year, leading conservatives to celebrate online.
For context, in a post shared on Truth Social on the morning of April 27, 2025, President Trump strongly defended his tariff strategy, describing it as laying the foundation for the creation of countless new jobs. In addition, the president emphasized the positive impact that the tariffs will have on income tax, specifically for Americans who would be described as upper-middle-class and below.
In addition, the White House has been adamant about the potential benefits of tariffs for the U.S. economy. In a fact sheet released on April 2, 2025, White House representatives asserted that “a global tariff of 10% would grow the economy by $728 billion, create 2.8 million jobs, and increase real household incomes by 5.7%.” The fact sheet added, “The United States will no longer put itself last on matters of international trade in exchange for empty promises.”
In his Truth Social post, President Trump began by saying that income taxes would drop for many people when “tariffs cut in,” adding, “Focus will be on people making less than $200,000 a year. Also, massive numbers of jobs are already being created, with new plants and factories currently being built and planned.”
Moving on, the president said that the introduction of the tariffs would be “a BONANZA FOR AMERICA!!!”, making it clear that he is adamant about the economic benefits of the tariffs, despite the reported criticism they have attracted from the left. He went on to say, “THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!”
President Trump’s recent Truth Social post came after he told the press that he was planning on reducing the 145% tariff on goods from China on April 22, 2025. According to press accounts, the president said that the tariff would come down “substantially,” adding, “145% is very high and it won’t be that high. It’s not going to be that high.”
Additionally, President Trump expressed optimism about the effect that the new tariffs would have on foreign relations, specifically with China. He told Fox News, “We’re going to be very good to China. I have a great relationship with [Chinese President Xi Jinping].” However, the president also expressed that he believed that China was previously taking advantage of its trade relationship with the U.S. He reportedly said, “China was taking us for a ride.”
Furthermore, on April 25, 2025, President Trump told reporters that he also intended to adjust the tariff rates with several other major U.S. trade partners, including Japan. The president reportedly told the press, “It’s getting along very well with Japan. We’re very close to a deal.”
Watch President Trump lay out a vision for eliminating income taxes:
VIDEO AT LINK...................
Making America Wealthy Again
I like the concept.
What confuses me is that I think the Tariffs are aiming at reciprocity and the idea that if other countries drop their tariffs against us, we would drop our tariffs against them. That levels the field and seems like a good goal. But, of course, if everyone drops tariffs, then we get little or no revenue from tariffs. So then the old income tax would seem to be needed. I feel like these two goals are in opposition.
Three things that occurred in the 1910s...
1) Creation if the Fdderal Reserve.
2) Federal income tax passed.
3) 17th Amendment was ratified.
The timing wasn’t a coinkydink.
We did fine without an income tax.
We can be great again without it and the bureaucratic menace it enables.
💯.
There should be a flat tax. Everyone should have skin in the game.
the old income tax was and is FAR AND AWAY more than a fiscally sound government needs and the best way to force living within our American means. IF every single piece of meaningless fat was trimmed from the budget, it would eliminate whatever pork our illustrious CONgresscritters will get for their bloated individual budgets and less palm greasing and pocketlining would happen.
I think Trumps idea is a base 10% tariff. Assuming our normal production and export potential, that is supposed to make up for income tax revenues. I dont know how the numbers would actually crunch out. And while the idea is appealing, I think he’s got a lot on the plate in the near term (make the current rates permanent or less than todays, no tax on tips/OT/SS). Those are big and valuable leaps. I’d like to see us get there without distractions. Then look carefully at next steps.
You seem to love the totalitarian, 4th Amendment destroying income tax. The income tax must be replaced by sales taxes, tariffs and perhaps a federal tax on the tax revenues of the individual States. I don’t wanna hear from or deal with the federal government unless it is on issues of war or foreign diplomacy.
I feel like these two goals are in opposition.
I was just thinking the same thing. If no tariffs are the goal on one hand, how can we have the goal of tariffs replacing the income tax.
Maybe 10% both ways where even the nation we trade with will also get the same benefit.
I’d like to see us get there without distractions. Then look carefully at next steps.
Agree 100%
+1
That’s why he set a baseline tariff at 10%............
Sure. Let’s continue to incentivize a large percentage of people to vote for higher taxes on others. I think everyone should pay taxes. All should have skin in the game.
Trump says a lot of things, so we will see. I’d like to pay no Federal income tax but i would also like to not pay tax on my overtime. Let’s see if it happens.
But isn't that the crooked politicians' cashcow?
Expect a big fight and lots of dirty dealin's over that one.
IMO whatever the other countries trade policies are,10% tariffs on most imports needs to stay.
Without it, international traders will just continue to stretch out supply chains instead of shortening them.
What I eventually want, is an America where producers, traders, and consumers all have multiple domestic options and future prosperity.
Right now, too many Americans, especially the younger and less educated are questioning the direction of our nation.
The problem for democrats is that many of their voters (who don’t pay hardly any income tax at all) think that people making 100k-200k are “rich”.
This is a problem for democrats because all of their voters are already in the bag.
This would be a boon for trump wresting control of the remainder of the middle class that hasn’t already come over to the good side.
Lower or zero income tax is great.
But greedy states like WA will increase property taxes and who knows what else. Dog licenses, grocery taxes?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.