President Trump: “THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!” – Income Taxes to be “Substantially Reduced, Maybe Even Completely Eliminated” for Those Making Less Than $200K/Year | The Gateway Pundit

President Trump introduced on Sunday morning {that a} “BONANZA FOR AMERICA” is on the horizon with tariffs and international investments, which he hopes will result in the elimination of revenue taxes on most People. 

“Focus will probably be on individuals making lower than $200,000 a 12 months,” President Trump stated, indicating that taxation may very well be “utterly eradicated” for this revenue bracket.

The Gateway Pundit has reported extensively on President Trump’s plans with the Exterior Income Service, which he announced on January 14, 2025. The new company will “gather our Tariffs, Duties, and all Income that come from International sources,” stated Trump.

Later, throughout a January rally in Las Vegas, Nevada, the President hinted once more that he would abolish the federal revenue tax utilizing tariff income to switch it.

Throughout a White Home press briefing in February, Nationwide Financial Council Director Kevin Hassett additionally instructed The Gateway Pundit that they estimate tariffs will deliver “500 billion and a trillion {dollars} over 10 years,” resulting in tax cuts and even ending taxes for some people.

WATCH: TGP’s Jordan Conradson Fires Off Questions at Press Briefing – WH Deputy Chief of Staff Stephen Miller Scolds Leftist Media Over DOGE Attacks – Economic Council Director Kevin Hassett CONFIRMS Tariff Revenue Could Replace Income Tax

The White Home introduced on Friday that, along with tariff revenues, President Trump has secured $5.2 trillion in personal and international investments in American manufacturing, information facilities, AI, and vitality manufacturing.

Whereas the haters hate, President Trump delivers. $5.2 trillion in investments, locked in.

That’s the Trump Impact. pic.twitter.com/V2fZ6da98S

— The White Home (@WhiteHouse) April 25, 2025

The President cheered the investments in American manufacturing and the work of his Exterior Income Service in a Fact Social submit on Sunday, asserting his hope to remove revenue taxes:

When Tariffs minimize in, many individuals’s Earnings Taxes will probably be considerably diminished, possibly even utterly eradicated. Focus will probably be on individuals making lower than $200,000 a 12 months. Additionally, large numbers of jobs are already being created, with new crops and factories at present being constructed or deliberate. Will probably be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!

The Gateway Pundit will proceed to offer updates on the Trump Tariff and the American manufacturing growth.