{"id":7053,"date":"2025-04-28T13:53:06","date_gmt":"2025-04-28T13:53:06","guid":{"rendered":"https:\/\/dailynewsintime.net\/?p=7053"},"modified":"2025-04-28T14:04:08","modified_gmt":"2025-04-28T14:04:08","slug":"trump-makes-bold-claim-on-what-global-tariffs-will-do-to-income-tax-for-85-of-us-households","status":"publish","type":"post","link":"https:\/\/dailynewsintime.net\/index.php\/2025\/04\/28\/trump-makes-bold-claim-on-what-global-tariffs-will-do-to-income-tax-for-85-of-us-households\/","title":{"rendered":"Trump makes bold claim on what global tariffs will do to income tax for 85% of US households"},"content":{"rendered":"

Taking to Truth Social, President Donald Trump has insisted his ongoing tariff wars with… well everyone, will ultimately benefit most Americans.<\/strong><\/p>\n

Writing on his\u00a0social media\u00a0platform,\u00a0Donald Trump\u00a0said that his\u00a0tariffs\u00a0will result in a reduction of income tax for households that bring in less than $200,000 a year.<\/p>\n

According to the 2023 data from the\u00a0U.S. Census Bureau, only 14.4% of households earns more than $200,000, meaning that an estimated 85.6% of households will benefit.<\/p>\n

Trump said: \u201cWhen Tariffs cut in, many people\u2019s Income Taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than $200,000 a year.<\/p>\n

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\"Donald\"Donald<\/p>\n<\/div>\n<\/div>\n

Donald Trump’s latest comments haven’t inspired confidence(Chip Somodevilla\/Getty Images)<\/cite><\/p>\n<\/div>\n

\u201cAlso, massive numbers of jobs are already being created, with new plants and factories currently being built or planned. It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!\u201d<\/p>\n

But this post hasn\u2019t inspired total confidence from everyone.<\/p>\n

People on\u00a0Reddit\u00a0recently reflected on Trump\u2019s claims and admitted they have quite a few reservations about its effectiveness.<\/p>\n

One person commented: \u201cA. We are at peak employment. B. We are already manufacturing more than ever in U.S. history. C. This is insane ramblings.\u201d<\/p>\n