President Donald Trump is seeking to waive income taxes on individuals earning under $150,000 per year, said U.S. Commerce Secretary Howard Lutnick in two interviews this week.
“I know what [Trump’s] 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 News in an interview published Wednesday.
A day later, in an interview with Fox News on Thursday, Lutnick was asked by host Martha MacCallum about no income taxes on individuals earning less than $150,000. “It’s aspirational,” he said in response.
In the CBS interview, Lutnick also made mention of Trump’s proposals in 2024 to end taxes on overtime pay, tips, and Social Security payments. Trump has also touted imposing tariffs on other countries’ products, creating an “External Revenue Service” to collect duties, and even went so far as to say that he would try to end all income tax in favor of tariff revenues….