President Donald Trump is doubling down on his promise to put America First—and this time, he’s aiming straight at the IRS. U.S. Commerce Secretary Howard Lutnick just dropped a bombshell: Trump’s ultimate goal is to abolish federal income taxes for Americans earning under $150,000 a year. That’s right—no federal tax for hardworking Americans, and more money in the pockets of middle-class families who have been fleeced for too long.
Lutnick made the revelation during an interview with CBS News, making it clear that Trump’s vision is about unleashing prosperity, not punishing success. “That’s his goal. That’s what I’m working for,” Lutnick said, emphasizing that under Trump, everyday Americans won’t be forced to fund Washington’s wasteful spending.
Unlike Biden’s reckless policies, which drained Americans’ wallets and lined the pockets of bureaucrats, Trump’s plan pays for itself—without adding a dime to the deficit. Instead of hiking taxes, Trump will cut spending, eliminate waste, and close loopholes that let foreign companies and global elites dodge their tax bills.
Lutnick laid it out in a Fox News interview:
- Trillions will be saved by rooting out fraud, waste, and abuse in government spending.
- Tariffs will generate massive revenue, ensuring China and foreign nations pay their fair share.
- The Trump Gold Card program will bring in billions from foreign investors looking to secure U.S. residency.
- Loopholes that allow global corporations to avoid U.S. taxes—like ships flying under the Liberian flag—will be shut down.
- But Trump isn’t stopping there. He’s taking dead aim at the IRS’s favorite middle-class money grabs—wiping out taxes on tips, overtime pay, and Social Security benefits.
This is a game-changer for millions of American workers who have seen their paychecks gutted by Biden’s disastrous policies. Trump isn’t just talking about helping the middle class—he’s delivering real relief where it matters most.
The contrast couldn’t be clearer. Biden’s America is about punishing hard work, Trump’s America is about rewarding it.
With Trump back in the White House, the message is clear: The American worker comes first, and the era of getting taxed into oblivion is coming to an end.
JUST IN: 🇺🇸 Secretary of Commerce Howard Lutnick says President Trump's goal is to eliminate taxes for anyone earning less than $150,000 per year. pic.twitter.com/3zSoqMsqMQ
— Watcher.Guru (@WatcherGuru) March 13, 2025
