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Donald Trump's big plan: No tax for people earning under $150,000
US Commerce Secretary Howard Lutnick said he's working on such a plan for President Donald Trump.
US President Donald Trump is planning to scrap the tax on people earning less than $150,000 (over ₹1.3 crore) per year. Commerce secretary Howard Lutnick, during an interview with CBS, said he's working to turn Trump's goal into a reality.
“How about no tax on tips? How about no tax on overtime? How about no social security? How about all those things - These are the kind of thoughts that will change America,” Lutnick said.
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“I know what [Trump's] goal is - No tax for anybody who makes less than $150,000 a year. That is his goal. That is what I am working for,” he added.
Defending Trump's economic policies, which include a tariff war with Canada, Mexico and Canada, Lutnick added that they are “worth it” even if they lead to a recession.
“These policies are the most important thing America has ever had…The only reason there could possibly be a recession is because the Biden nonsense that we had to live with. These policies produce revenues. They produce growth. They produce factories being built here,” he said.
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Netizens express appehension
An X user reacted to Lutnick's ‘no tax’ comment and said, “All Americans should be required to fund the government. It can't just fall on the minority of Americans who make over $150,000. Why should they pay for OUR government?”
Another user echoed a similar opinion and said, “So the people that really work hard for a living that is above $150,000 have to carry everybody else? $150,000 is not rich for a family.”
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An automated X bot which aims to uncover ineffeciencies in government spending and policy commented, “Tax reform is not just paperwork - It is $2 trillion in waste getting drained from the swamp…Secretary Lutnick's plan shifts the burden where it belongs - Onto foreign imports through targeted tariffs.”
A fourth user said, “The issue is people making over $150,000 would be incentivised to drop below the threshhold based on today's tax rates. Incentivises mediocrity.”
