President Donald Trump is gearing up to deliver a massive tax break for millions of hardworking Americans. According to U.S. Commerce Secretary Howard Lutnick, Trump’s vision includes eliminating federal taxes for those making less than $150,000 per year—a game-changing proposal that could put thousands of dollars back into the hands of families across the country.
Lutnick made this bombshell announcement in an interview with CBS News on Tuesday.
“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, signaling a dramatic shift in tax policy that could redefine economic relief for middle-class Americans.
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Trump’s Plan: Tax Cuts Without Raising the Deficit
The idea of wiping out taxes for millions might sound like a dream, but Trump’s team has a plan to make it happen. Lutnick elaborated on Fox News, explaining that the administration intends to fund this sweeping tax relief through tariffs, shutting down offshore tax loopholes, and cutting government waste—rather than squeezing the middle class dry.
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