In a stunning move that’s already shaking up the political world, former President Donald Trump has reportedly agreed to a plan that would eliminate federal income taxes for the overwhelming majority of working Americans—those earning less than $150,000 per year. But there’s one major condition: the federal budget must first be balanced.
The jaw-dropping revelation came straight from Commerce Secretary Howard Lutnick, who dropped the bombshell during a recent appearance on the “All In” podcast. His comments, now circulating widely on X (formerly Twitter), have ignited a wave of speculation about the possible return of America’s pre-IRS roots.
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“I’m in the car with him and I said ‘we’re going to balance the budget,’” Lutnick recalled. “And I said, ‘But I have one favor to ask you: If we can balance the budget for you, will you agree to waive all income tax for every person who makes less than $150,000 a year in the United States of America?’”
According to Lutnick, Trump didn’t hesitate. “And the reason you want to work for Donald Trump is he looks at me, he goes, ‘Sure.’ You realize, the president of the United States said, ‘If you balance the budget, sure.’ And he’s not lying; he’s not kidding. He’s like, ‘Yeah,’” Lutnick said.
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