In a stunning revelation, Commerce Secretary Howard Lutnick confirmed that former President Donald Trump wants to completely eliminate federal income taxes for Americans earning less than $150,000 a year. If enacted, this move could redefine tax policy and economic strategy in the United States.
Lutnick made the statement during an interview with CBS, which was later shared in a viral video on X. According to him, Trump is pushing for a sweeping tax overhaul that would fundamentally change who pays what.
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“How about no tax on tips? How about no tax on overtime? How about no Social Security? How about all those things?” Lutnick asked, referring to the payroll deductions that workers pay toward Social Security, separate from the benefits they receive.
“These are the kind of thoughts that will change America,” he added, emphasizing the profound impact of Trump’s economic vision.
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