According to his Commerce Secretary, President Trump is aiming to eliminate income tax completely for Americans earning less than $150,000 per year.
In comments last week, Howard Lutnick said “I know what his goal is — no tax for anybody making under $150,000 a year. That’s what I’m working for,”
Lutnick explained that the plan would be possible without causing the national debt to skyrocket by tackling overseas tax fraud, and bringing in more tax revenue through tariffs.
Lutnick further noted that commercial ships are claiming to be under the control of countries such as Liberia in order to avoid US tax rates.
“All those ships are paying no tax, it’s a tax scam,” he asserted, adding “Ireland has a $60 billion surplus… because our companies drop their IP there. They pay Ireland the money — tax scam.”
“How about we end the tax scams.” Lutnick urged.
SEC. Lutnick says Trump’s goal he is working towards is to have anyone making $150k or less pay ZERO taxes. pic.twitter.com/b8dqVCVfhE
— unseen1 (@unseen1_unseen) March 12, 2025
He also spoke about Trump’s immigration “Gold Card” visas, a proposal that would accept a payment of $5 million from any non-citizen to automatically get all rights associated with a Green Card.
“The rest of the world leans on our economy, breathes off our economy – not only is our economy $29 trillion, but we consume $20 trillion a year. We are the buyer of everybody’s stuff,” Lutnick explained.
He added, “So, we are the buyer of everybody’s commodities, products, goods and services. Everything comes from us. Let them pay a membership fee. We all understand that model – let them pay.”
The $150,000 income tax bracket would effectively wipe out income tax for almost all Americans, given that Census data shows 93 percent of working people over the age of 15 do not earn that much income.
This income category makes up majority of America. Democrats gonna look dumb AF fighting this
— 🇺🇲Salty Texan (@texan_maga) March 12, 2025
Progressives now must say that smaller government and not paying taxes is fascism. That’s the rules.
— David Hunt (@DavidHunt2017) March 12, 2025
how will the left figure out a way to hate this?
— Dave Snothereman (@snothereman) March 12, 2025
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