No Taxes If You Earn Less Than $150k. Donald Trump’s Plan Explained
Lutnick said on Wednesday that Trump’s aim is to remove taxes for individuals earning less than $150,000 per year. He also outlined the president’s other tax strategies, which include abolishing tax on tips, overtime, and Social Security, and implementing significant reductions to individual and corporate taxes.
Lutnick said that the federal government would counteract massive U.S. tax cuts by implementing tariffs on foreign nations and curbing overseas tax evasion.
He noted that many commercial ships sail under the flags of other nations such as Liberia to avoid U.S. taxation. “All those ships are paying no tax, its a tax scam,” he said.
He added that many U.S. companies hold their intellectual property in Ireland because of its favorable tax regime.
“Ireland has a $60 billion surplus… because our companies drop their IP there. They pay Ireland the money — tax scam,” he said. “How about we end the tax scams.”
AND THEN THERE'S THIS:
Trump Proposes Eliminating Taxes On Social Security
ONE WOULD THINK DEMOCRATS WOULD BE THRILLED
BUT THEN THERE'S THIS:
You're Not Going to Believe This, But Democrats' Line of Attack on Trump Is Spreading Lies About Trump Cutting, Get This, Social Security
Not just those programs!
— Elon Musk (@elonmusk) March 13, 2025
Democrats also use every other government money tool to attract and retain illegals, like unemployment insurance, disability insurance, tax rebates on nonexistent income, SBA loans, student loans, COVID payments, FEMA money for luxury hotels, etc, etc https://t.co/zRFt5Y52yT
Stephen A. Smith Blasts Democrats: ‘Acting Like Their Only Job is to be Opposite of Donald Trump’
🚨 WATCH: Stephen A. Smith tells Fox News’ Hannity he has a blunt message for Democrats: “They are sitting up on Capitol Hill acting like their only job is to be the opposite of Donald Trump in every way, shape and form.”
— TV News Now (@TVNewsNow) March 13, 2025
“That’s not going to get them the mid-terms, or regain… pic.twitter.com/ozydwM2x9H
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