U.S. Commerce Secretary Howard Lutnick revealed that President Donald Trump aims to abolish federal taxes for all Americans earning under $150,000 annually.
Lutnick made the revelation during 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, underscoring a vision that would put thousands of dollars back into the pockets of American families.
Lutnick elaborated further in a separate interview with Fox News, detailing how Trump intends to finance this massive tax relief plan while balancing the budget.
According to Lutnick, the Trump administration is focused on driving revenue through tariffs, closing offshore tax scams, and slashing excessive spending, instead of squeezing the middle class for every last penny.
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