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.
51 Articles
51 Articles


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Trump Wants to Eliminate Fed Income Tax for 93% of Americans, Commerce Sec Says - News Addicts
Commerce Secretary Howard Lutnick said this week that President Donald Trump’s goal is to significantly cut taxes across the board, and completely eliminate the federal income tax on Americans making under $150,000 annually — which could impact 93% of Americans. Lutnick said the administration wants to have other nations chip in through tariffs and closing […] The post Trump Wants to Eliminate Fed Income Tax for 93% of Americans, Commerce Sec Sa…
Trump Wants To Eliminate Fed Income Tax For 93% Of Americans, Commerce Sec Says - Real News Now
President Donald Trump has put forward a historic tax reform plan aimed at eliminating federal income taxes for Americans earning less than $150,000 per year. If enacted, this policy would impact roughly 93% of taxpayers, leaving only the highest-income earners to pay federal income taxes. Key Elements of Trump’s Tax Plan No Federal Income Tax for Middle-Class Americans: Individuals earning under $150,000 annually would pay zero federal income …

Trump Wants To Eliminate Fed Income Tax For 93% Of Americans, Commerce Sec Says
Commerce Secretary Howard Lutnick said this week that President Donald Trump’s goal is to significantly cut taxes across the board, and completely eliminate the federal income tax on Americans making under $150,000 annually — which could impact 93% of Americans. Lutnick said the administration wants to have other nations chip in through tariffs and closing overseas tax loopholes so Americans can pay less in taxes. “His goal is to have external r…
Trump wants to eliminate taxes for those earning under $150,000, Commerce secretary says
Share This StoryPresident 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, Lutn…
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.
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