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Lutnick: Trump Said If We Balance The Budget, No Income Tax On Earners Making Less Than $150K

U.S. Secretary of Commerce Howard Lutnick announced that President Donald Trump agreed to eliminate income taxes for households earning less than $150,000 if the budget is balanced.
Lutnick mentioned that Trump previously suggested eliminating federal income tax if his tariff plans succeeded, highlighting that the U.S. Used tariffs prior to 1913.
During a car ride, Lutnick revealed that Trump confirmed positively regarding the idea of eliminating income tax if the budget is balanced.
Lutnick noted that the U.S. Had no federal income tax until 1913 and primarily relied on tariffs for revenue.

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theohiopressnetwork.com

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Lutnick Says Trump Has Agreed to Eliminate Income Taxes for Americans Making Less than $150K

Commerce Secretary Howard Lutnick on Friday said that he has received confirmation from the president that the U.S. will eliminate income taxes on households making less than $150K a year if he successfully balances the budget.

12 days ago

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The Western Journal

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Trump Just Agreed to Waive All Taxes for People Making Less Than $150K, But There's a Catch

Commerce Secretary Howard Lutnick says President Donald Trump is on board with a plan to end taxes for anyone earning less than $150,000 a year. During his appearance on the […] The post Trump Just Agreed to Waive All Taxes for People Making Less Than $150K, But There's a Catch appeared first on The Western Journal.

12 days ago·Phoenix, United States

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WGRZ

Center

Langworthy backs Trump's plan to eliminate taxes on overtime pay

Under current American tax law, overtime pay is treated as regular income and is subject to state and federal taxes.

13 days ago

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The Wisconsin Daily Star

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Lutnick Says Trump Has Agreed to Eliminate Income Taxes for Americans Making Less than $150K

by Misty Severi Commerce Secretary Howard Lutnick on Friday said that he has received confirmation from the president that the U.S. will eliminate income taxes on households making less than $150K a year, if he successfully balances the budget. President Donald Trump previously teased eliminating the federal income tax in January, claiming that if his plans with tariffs work out then he would eliminate the federal tax. Lutnick told the “All In…

13 days ago

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The Star News Network

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Lutnick Says Trump Has Agreed to Eliminate Income Taxes for Americans Making Less than $150K | The Star News Network

13 days ago

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realnewsnow.com

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Lutnick: Trump Said If We Balance The Budget, No Income Tax On Earners Making Less Than $150K - Real News Now

In a major policy proposal that could reshape the future of American taxation, President Donald Trump is considering a bold plan to eliminate federal income taxes for Americans earning less than $150,000 per year, provided the federal budget is balanced. The move, if enacted, would amount to one of the largest middle-class tax relief efforts in U.S. history. The idea was revealed by Commerce Secretary Howard Lutnick, who confirmed that Trump’s l…

13 days ago

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