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SENSEX 85,807.16
+ 86.78
NIFTY 26,252.35
+ 36.80
NIFTY 26,252.35
+ 36.80
CRUDEOIL 5,293.00
+ 3.00
CRUDEOIL 5,293.00
+ 3.00
GOLD 126,038.00
+ 534.00
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, says Trump
By Reuters
Updated – November 28, 2025 at 09:56 AM.
|
PALM BEACH, Florida
US President Donald Trump
| Photo Credit:
Reuters
US 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 US military service members on a video call.
Published on November 28, 2025