Donald Trump’s big plan: No tax for people earning under $150,000

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.

Also read: Shruti Shibulal, ex Infosys CEO’s daughter, buys ₹469 crore of company’s shares

“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.

Also read: Bank Holiday Holi 2025: Are banks closed on March 13 or March 14 for Holi | Check full details here

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.”

Also read: Man finds forgotten Reliance shares bought 37 years ago for ₹30, now worth ₹12 lakh

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.”