Trump Signals Possibility of Cuttng Income Tax

U.S. President Donald Trump suggested on Thursday that his administration may move to drastically reduce, if not entirely eliminate, federal income tax within the next two years, a shift he said could be financed by what he described as soaring revenues from tariffs imposed during his presidency.

Speaking to American service members during a video call on Thanksgiving Day, Trump said his administration was preparing a major tax policy overhaul.

“Over the next two years, I believe we’re going to cut income tax significantly, perhaps eliminate it entirely,” Trump told troops. “We’re receiving massive amounts of money, and that will allow us to do something extraordinary.”

While Trump did not offer further details on how such a sweeping change would be structured or approved, the remarks mark one of the most expansive tax-cut proposals of his presidency, signaling a potential reshaping of the federal revenue system.

During the same exchange, Trump addressed the previous day’s shooting in Washington, D.C., which left two National Guard members wounded. He confirmed that Sarah Bäckström, identified as one of the injured service members, had died from her injuries.

In his first direct comments on the incident, the president expressed condolences and described Bäckström as an exemplary member of the Guard.

“Sarah Bäckström of West Virginia… she was an incredibly respected and wonderful young woman,” Trump said. “She has just passed away. She’s gone.”

Officials have not yet released further details about the circumstances of the shooting or the condition of the second injured service member.

The White House is expected to issue a formal statement later Friday as investigations continue.