If you bring home less than $150,000 a year in salary you may not have to pay income tax on your earnings.
Commerce Secretary Howard Lutnick says President Donald Trump’s goal is to eliminate income tax for workers earning less than $150,000 a year.
“When the president balances the budget, his first move is going to be – he has suggested that he would like to waive taxes for people under $150,000. That’s aspirational – that when we balance the budget – and let me tell you, he’s got a plan to balance this budget,” Lutnick said in an interview with Fox News.
? JUST IN: Commerce Secretary Howard Lutnick issues new statement on Trump wanting to waive ALL taxes for Americans making under $150,000 per year.
"When the president balances the budget, his first move is going to be – he has suggested that he would like to waive taxes for… pic.twitter.com/v10fjWAQ9F
— Eric Daugherty (@EricLDaugh) March 13, 2025
Lutnick said Trump will make his no tax plan possible by eliminating a trillion dollars in wasteful government spending.
Trump also plans to distribute $5,000 refund checks to 150 million Americans, as well as end taxes on tips, overtime, and on social security payments for seniors who continue to work.
Trump campaigned on abolishing the IRS, but he would have to push his plan through Congress first.
An easier goal would be to end taxes for people earning less than $150,000 a year. That would include seniors, high school students, and low income wage earners.
X users celebrated Lutnick’s comments and praised Trump, calling his tax plan a “great move” and “amazing”.
?BREAKING: Commerce Secretary Howard Lutnick says President Trump wants no taxes for people who make less than $150,000 a year.
pic.twitter.com/J1COS3sMxm— Benny Johnson (@bennyjohnson) March 13, 2025
No income taxes for those making under $150k would be a great move. it will help so many people and that policy could also stimulate the economy.
— Christian Patriot ?? (@Blessed_Patriot) March 13, 2025
How about no income taxes for everyone!!!!! Replace it with a sales tax. Income tax is theft. Who do they think they are taxing our labor.
— Jeff4Truth (@JJeff4t) March 13, 2025
These will be the largest tax cuts for the middle class in US history. Letting Americans keep what they have earned is a great start to making America prosperous.
— Kimberly Le (@le_kimber77) March 13, 2025
Thank you Jesus
No tax for families or singles earning under$150.000 I have been praying for this one— Michelle Higa (@michel18325) March 13, 2025
