BREAKING via CWEB News: President Donald J. Trump proposes eliminating income taxes for Americans earning under $200K—calling it a “BONANZA FOR AMERICA.” Is this the boldest tax move in U.S. history?
By CWEB News Team | April 27, 2025 | 8:00 PM EST
WASHINGTON, D.C. — President Donald Trump ignited national headlines Saturday with a sweeping proposal to eliminate federal income taxes for Americans earning under $200,000 annually. Announced via a fiery post on X (formerly Twitter), the bold initiative was hailed by Trump as a “BONANZA FOR AMERICA” and a key pillar of his revitalized America First economic agenda.
“When tariffs cut in, many people’s income taxes will be substantially reduced, maybe even completely eliminated,” Trump wrote. “Focus will be on people making less than $200,000 a year.”
The President tied the proposal to a surge in domestic manufacturing, pointing to new factories and job sites opening across the country as evidence of a booming American comeback.
A Vision for Financial Freedom
Though formal legislation is still in development, sources inside the administration say the proposal is gaining rapid momentum. Commerce Secretary Howard Lutnick previewed the plan in a recent CBS News interview, highlighting five key components:
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Eliminating federal income taxes for individuals earning under $200,000 per year (originally proposed at $150,000).
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Removing taxes on Social Security benefits, letting retirees keep more of their savings.
@cwebnewsBREAKING via CWEB News: President Donald J. Trump proposes eliminating income taxes for Americans earning under $200K—calling it a “BONANZA FOR AMERICA.” Is this the boldest tax move in U.S. history? WASHINGTON, D.C. — President Donald Trump ignited national headlines Saturday with a sweeping proposal to eliminate federal income taxes for Americans earning under $200,000 annually. Announced via a fiery post on X (formerly Twitter), the bold initiative was hailed by Trump as a “BONANZA FOR AMERICA” and a key pillar of his revitalized America First economic agenda. Read Full Article Free https://cweb.com/breaking-via-cweb-news-trump-proposes-eliminating-income-taxes-for-americans-earning-under-200k/ #TrumpTaxPlan #AmericaFirst #CWEBNews #CWEB #WebTok #WebFans #DailyShocker #TaxReform2025 #ZeroIncomeTax #Trump2026 #EconomicFreedom #TariffPower #MiddleClassRelief #StephenMoore #TaxCuts #TrumpAnnouncement #PoliticalNews #USAeconomy #WhiteHouseUpdate
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Exempting overtime pay and tips from taxation—major wins for the service industry and blue-collar workers.
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Permanently extending the 2017 Tax Cuts and Jobs Act (TCJA).
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Replacing lost income tax revenue with tariffs—a strategy Trump says will force foreign nations to “pay their fair share.”
Economic Optimism Spreads Nationwide
Pro-Trump economists believe the plan could ignite consumer spending, support small businesses, and incentivize job growth.
“Imagine the boom when families keep their full paychecks,” said Stephen Moore of the Heritage Foundation. “This is rocket fuel for the American Dream.”
Although some economists and political opponents question the viability of funding the federal government primarily through tariffs, Trump remains confident.
“We’re not just cutting taxes—we’re rebuilding an economy that works,” he told supporters.
Critics Push Back—But Voter Enthusiasm Grows
While Democrats have labeled the plan “unserious,” early polling suggests strong support from middle-class voters. A CWEB/FlashPoll will be conducted next month to gauge national sentiment.
What’s Next for Trump’s Tax Revolution?
The White House is expected to unveil detailed policy blueprints in the coming weeks. With the 2026 midterm elections on the horizon, analysts predict this tax proposal will become the centerpiece of the Republican platform.
As Trump doubles down on his America First approach, one thing is clear: this plan is reshaping the tax debate—and the 2026 political battlefield.
Stay with CWEB News and Cinfor for exclusive updates on this historic proposal and ongoing political developments.
