Trump floats new income tax cut in bid to ease tariffs bite

Contributing sentiments towards policy:

55% : Trump wants to extend reductions in income taxes that were approved in 2017 during his first presidency, many of which are due to expire at the end of 2025.
48% : He also has proposed expanding tax breaks -- including by exempting workers' tips and social security earnings -- while slashing the corporate tax rate to 15% from 21%.
42% : Bessent said the administration is working on bilateral trade deals after Trump imposed so-called reciprocal tariffs on many countries in early April, which he subsequently paused for 90 days for all affected countries except China. involves 17 key trading partners, not including China, Bessent said on ABC.
35% : "We're going to make a lot of money, and we're going to cut taxes for the people of this country" through income from tariffs, Trump said on his way back to Washington from his golf club in New Jersey.
34% : " Trump has said the U.S. is talking with China on trade, which Beijing has denied.
27% : Trump has previously argued that tariff revenue could replace income taxes, though economists have questioned those claims.
26% : Bessent said he didn't know if Trump and Xi had spoken.

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