BREAKING: Trump administration pushing to eliminate taxes for individuals earning less than $150,000 per year, according to U.S. Secretary of Commerce Howard Lutnick.
— Leading Report (@LeadingReport) March 13, 2025
I never believed Trump when he said he is abolishing income tax. I thought it was just impossible. Income tax has been there for 100+ years and been integrated into the heart of the American system. However, eliminating income tax for a tax bracket is very possible. I can see this happening. No income tax for $150k would be nice. I wouldn’t mind under $100k also. It is going to be the majority of the middle class people.
If Trump pulls this off, he will be the greatest President ever. No one will even compare to this type of greatness for the next 50+ years. He is egotistical enough that he would do it. At least, he would try. Going to be lots of obstacles though.