Trump says US may "completely" cut income tax due to tariff revenue

[putnam6]

Getting tired of him floating this.... do it during the holiday season would spur retail sales if everyone knew their checks would be larger going forward

Start at 150 grand and under, and watch the economy take off...
 

 
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Mr. Crypto Whale

@Mrcryptoxwhale
·
19m

JUST IN President Trump says US may "completely" cut income tax due to tariff revenue.

[RazorV66]

Getting tired of him floating this.... do it during the holiday season would spur retail sales if everyone knew their checks would be larger going forward

Start at 150 grand and under, and watch the economy take off...
 

Jesus.

Hurry the fuck up and do it Trump.

Watch the Liberals have a problem with this.

[Rigel4]

Getting tired of him floating this.... do it during the holiday season would spur retail sales if everyone knew their checks would be larger going forward

Start at 150 grand and under, and watch the economy take off...
 

A Distraction nothing more .. never happen
37 trillion in debt and no income tax...seriously, dont fall for any more of his lies

[putnam6]

Jesus.

Hurry the fuck up and do it Trump.

Watch the Liberals have a problem with this.

No kidding, this could turn around our business if he drops it at the right time,

What about back taxes?

[DBCowboy]

Getting tired of him floating this.... do it during the holiday season would spur retail sales if everyone knew their checks would be larger going forward

Start at 150 grand and under, and watch the economy take off...
 

Doooooooo it.

Do it.

[RazorV66]

A Distraction nothing more .. never happen
37 trillion in debt and no income tax...seriously, dont fall for any more of his lies

Are you an American tax payer?

[putnam6]

A Distraction nothing more .. never happen
37 trillion in debt and no income tax...seriously, dont fall for any more of his lies

We aren't talking complete elimination immediately, Eyore. 

AI Christopher Robin suggests Partial Elimination (e.g., no tax under $150K threshold or broader exemptions): Moderately likely (40–60% chance of expansion by 2026)

Cheer up,that covers about 65-75% of all the tax returns  in 2025







 

Likelihood of Happening in Some Shape or Form

• Full Elimination (e.g., via FairTax or total repeal): Very low (5–10% chance by end of 2026). The income tax generates 50% of federal revenue ($2.5T in 2025), and replacing it would require politically toxic alternatives like a 20–30% sales tax (hitting low-income households hardest) or tariffs doubling current levels (risking inflation and trade wars). Even with Republican majorities in Congress, the 2025 bill's passage shows pragmatism won out—GOP lawmakers prioritized achievable cuts over upheaval. Economic analyses project such a shift could shrink GDP by 1–2% initially due to revenue shortfalls and higher consumer costs. Trump's team has backed off full repeal in favor of incremental changes, and midterm dynamics in 2026 could narrow GOP margins.
  
•  
  
• Partial Elimination (e.g., no tax under $150K threshold or broader exemptions): Moderately likely (40–60% chance of expansion by 2026). Elements like tip/overtime exemptions already passed as "wins" for Trump's base, and the under-$150K idea aligns with the bill's deduction hikes (already zeroing taxes for millions). Further tweaks could come via reconciliation in late 2026, especially if tariffs underperform (they're projected to add only $1,200–1,600 per household in costs). However, deficit hawks and moderates may resist without spending cuts elsewhere.
  

Overall, while Trump will likely keep pushing the rhetoric—it's a crowd-pleaser—the structural barriers (revenue needs, legal hurdles like the 16th Amendment) make a true "drop" improbable. What's more realistic is continued erosion through deductions, effectively shielding more Americans from income tax without dismantling the system. For context, under current law, average tax cuts from the 2025 bill range from $370 (middle 20%) to $10,000+ (higher earners) annually starting in 2026. 

[putnam6]

The count is.... 22, twenty-two mostly foreign posters 
now on ignore haha haha

[UltraBudgie]

Isn't this something Congress would have to do?

Think they'll use tariff money to cut taxes and pay off the debt? That is like asking a dog not to eat a pork sandwich.

[FlyersFan]

Isn't this something Congress would have to do?

Good question.   
Who authorized stimulus checks when they went out?
I would imagine the same people would do a tariff rebate check.
It was the CARES act that sent out the 2020 checks, right?
And it was the American Rescue Plan Act in 2021, right?
Acts require congress, right?
The Treasury Dept, the Bureau of Fiscal Service and the IRS were involved, right?