Trump’s Bold Pitch: Wipe Out Income Taxes for Most Americans
This article originally appeared on m o d e r n i t y and was republished with permission.
Guest post by @ModernityNews
Commerce Secretary Howard Lutnick says President Trump wants a simple, bold change: zero income tax for people earning under $150,000 a year.
In comments last week, Howard Lutnick said “I know what his goal is — no tax for anybody making under $150,000 a year. That’s what I’m working for,”
Lutnick says this can happen without blowing up the national debt. The plan: go after overseas tax tricks and raise revenue with tariffs.
He pointed out one big scam — commercial ships claiming foreign control to dodge U.S. taxes.
“All those ships are paying no tax, it’s a tax scam,” he asserted, adding “Ireland has a $60 billion surplus… because our companies drop their IP there. They pay Ireland the money — tax scam.”
“How about we end the tax scams.” Lutnick urged.
He also talked up Trump’s immigration “Gold Card” visas — a proposal where a non-citizen can pay $5 million and get green-card rights. Pay to play, straightforward.
“The rest of the world leans on our economy, breathes off our economy – not only is our economy $29 trillion, but we consume $20 trillion a year. We are the buyer of everybody’s stuff,” Lutnick explained.
He added, “So, we are the buyer of everybody’s commodities, products, goods and services. Everything comes from us. Let them pay a membership fee. We all understand that model – let them pay.”
If the cutoff is $150,000, most Americans would pay nothing in income tax. Census data shows about 93 percent of working people over 15 earn less than that.
Copyright 2025 m o d e r n i t y
