President Trump is once again proving why he is the America First candidate, with a bold new plan to abolish federal income taxes for all Americans earning under $150,000 a year.
The revelation came straight from U.S. Commerce Secretary Howard Lutnick, who in a Tuesday interview with CBS News, confirmed what could be one of the most transformative tax policies in modern history.
“I know what his 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. Imagine what that means for working families—thousands of dollars back in their pockets every year instead of being wasted by Washington bureaucrats.
And unlike the Democrats’ usual tax-and-spend schemes, Trump has a real plan to pay for it.
JUST IN — Commerce Secretary Howard Lutnick issues further details on President Trump’s goal to waive taxes for Americans making $150,000 or < per year https://t.co/33uIOidcTm pic.twitter.com/vdYtPi2kP5
— livefreeopinion (@livefreeopinion) March 13, 2025
How Trump Will Make It Happen
In a separate Fox News interview, Lutnick outlined exactly how Trump plans to cut taxes while balancing the budget—a concept unheard of during Biden’s reckless spending spree.
Here’s the strategy:
- Cut the Waste, Fraud, and Abuse
- Trump is going to eliminate a trillion dollars in government waste, fraud, and abuse, especially in bloated entitlement programs and unnecessary federal spending.
- Under Biden, billions have been wasted on fraud, including dead people receiving COVID relief checks and millions going to illegal immigrants. Trump is putting an end to that.
- Generate Revenue Through Tariffs
- Instead of taxing American workers, Trump will raise revenue through tariffs on foreign goods, forcing China and other trade abusers to pay their fair share.
- This is a win-win: American manufacturers get a boost, and foreign competitors can no longer undercut U.S. businesses with cheap, low-quality products.
- End Offshore Tax Scams
- No more multinational corporations hiding billions overseas.
- Countries like Ireland have built a $75 billion surplus by siphoning money away from the U.S. tax system. Trump will shut it down and ensure American companies pay taxes here.
- Tax Relief for Hardworking Americans
- No tax on tips—restaurant workers, hospitality employees, and service industry professionals keep more of their hard-earned money.
- No tax on overtime—because if you work harder, you shouldn’t be punished for it.
- No tax on Social Security—retirees paid into the system, and they deserve to keep their benefits tax-free.
This is Trump’s America First economy in action—relief for working Americans, while finally making global elites and foreign competitors pay up.
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