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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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  • 56% of the sources lean Right
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Live Mint broke the news in New Delhi, India on Thursday, March 13, 2025.
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