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Trump wants no taxes on people making below $150,000 annually, Lutnick tells CBS

Commerce Secretary Howard Lutnick stated that President Donald Trump's goal is to eliminate taxes for individuals earning less than $150,000 annually.
Lutnick mentioned potential tax strategies, including abolishing tax on tips and implementing tariffs on foreign nations.
In 2022, around 93 percent of Americans aged 15 and over earned less than $150,000, according to the U.S. Census Bureau.
Trump proposed significant tax cuts, claiming they would stimulate the economy and that taxation should focus on foreign entities instead of U.S. Citizens.

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Patriot Journal

Trump Administration Unveils Plan to Eliminate Federal Income Tax For Americans Earning Under $150,000

Americans dread tax season every year. The paperwork. The confusion. The payments. For decades, working families have watched as more of their hard-earned money vanishes... The post Trump Administration Unveils Plan to Eliminate Federal Income Tax For Americans Earning Under $150,000 appeared first on Patriot Journal.

13 hours ago

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The Post Millennial

Trump’s tax plan would mean earners under $150,000 pay NO TAXES

"I know what his goal is — no tax for anybody making under $150,000 a year. That's what I'm working for," Commerce Secretary Howard Lutnick said.

16 hours ago·Toronto, Canada

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Zero Hedge

Lutnick Explains Trump Plan To Eliminate Taxes For Those Earning Under $150,000

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

18 hours ago·United States

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Straight Arrow News

Lutnick floats Trump idea of no income tax for people earning less than $150K

Commerce Secretary Howard Lutnick suggested President Donald Trump wants to eliminate income tax for people earning less than $150,000 annually. He said it is part of an overall plan by the Trump administration to drive down taxes for all Americans. Lutnick said the federal government would make up the revenue by eliminating overseas tax evasion and implementing tariffs. Roughly 93% of American adults earn less than $150,000 annually, according …

20 hours ago

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The Clarion Ledger

Commerce head says Trump wants new tax plan. How could killing income tax affect people in MS?

Commerce secretary said President Trump wants to revamp the tax system, drop income taxes for people making less than $150K. How would that affect MS residents?

21 hours ago·Jackson, United States

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The Epoch Times

Trump Wants to Eliminate Taxes for Those Earning Under $150,000, Commerce Secretary Says

President Donald Trump is seeking to waive income taxes on individuals earning under $150,000 per year, said U.S. Commerce Secretary Howard Lutnick in two interviews this week. “I know what [Trump’s] goal is … no tax, for anybody who makes less than $150,000 a year. That’s his goal. That’s what I’m working for,” Lutnick told CBS News in an interview published Wednesday. A day later, in an interview with Fox News on Thursday, Lutnick was asked by…

21 hours ago·New York, United States

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