U.S. President Donald Trump participates in a call with service members of U.S. Army, JTF-Southern Border, 101st Airborne Division (Fort Huachuca, AZ), U.S. Marine Corps, Battalion Landing Team 3d Battalion 6th Marines (Puerto Rico), U.S. Navy, IWO JIMA ARG, 22 MEU, (Underway, SOUTHCOM AOR), U.S. Air Force, 7th Bomb Wing (Dyess AFB, Abilene, TX), U.S. Space Force, 18th Space Defense Squadron (Vandenberg Space Force Base, CA), and U.S. Coast Guard, USCGC FORREST REDNOUR, WPC-1129 (Underway), on Thanksgiving, in Palm Beach, Florida, U.S., November 27, 2025. REUTERS/Anna Rose Layden

PALM BEACH, Florida (Reuters) -U.S. 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 U.S. military service members on a video call.

(Reporting by Jeff Mason and Ismail Shakil; Editing by Tom Hogue)