(VitalNews.org) – Doubling down on his efforts to rebuild prosperity after years of Democrat disaster, President Donald Trump has announced a game-changing tax plan that would benefit millions of Americans.
The president seeks to eliminate taxes for Americans earning under $150,000, delivering financial relief to over 90% of hardworking citizens while shifting the tax burden to foreign countries and wealthy elites.
The revolutionary proposal would free millions of middle-class families from federal income tax obligations while maintaining crucial government functions through new revenue sources.
This America-first tax strategy represents the most significant tax reform in modern history, putting money back in the pockets of those who need it most.
Commerce Secretary Howard Lutnick recently revealed the ambitious scope of President Trump’s tax vision.
“I know what his goal is…no tax for anybody who makes less than $150,000 a year. That’s his goal. That’s what I’m working for,” Lutnick stated, confirming the administration’s commitment to middle-class tax relief.
The sweeping proposal would affect approximately 93% of Americans aged 15 and older, according to 2022 U.S. Census Bureau data.
Beyond eliminating federal income taxes for those under the $150,000 threshold, the plan also includes abolishing taxes on tips, overtime, and Social Security benefits.
It would directly benefit service workers, hourly employees, and seniors who have been burdened by excessive taxation for decades.
Unlike the tax-and-spend policies of the Biden administration, President Trump’s plan focuses on responsible revenue generation without punishing American workers.
To offset potential revenue losses, the administration plans to implement targeted tariffs on imports, address overseas tax fraud, and create innovative funding mechanisms like a premium “gold card” residency program for wealthy foreign investors.
Secretary Lutnick emphasized the critical importance of putting American manufacturing first through strategic tariffs on industries vital to national security.
“We’ve got to have a steel and aluminum industry here in America to protect us for National Security. You can’t be at war and not make steel you can’t have some other country supply your steel if God forbid you need it for a war,” Lutnick explained.
“These policies are the most important thing America has ever had. The only reason there could possibly be a recession is because of the Biden nonsense we had to live with”, Lutnick stated.
He added, “These policies generate revenue. They drive growth. They lead to factories being built here.”
The Trump administration’s fiscal strategy includes $4.5 trillion in tax cuts that have already cleared the House and await Senate consideration.
The thorough plan also involves reducing wasteful government spending and downsizing bloated federal agencies that drain taxpayer resources while delivering minimal value to the American people.
President Trump has signaled his intention to replace the IRS with an External Revenue Service focused on collecting foreign revenue rather than harassing American citizens.
This aligns with his vision of a tax system that funds essential government functions without burdening domestic workers and businesses.
Supporters of the plan highlight how it would immediately stimulate economic growth by increasing disposable income for millions of households.
With more money in their pockets, Americans could pay down debt, save for the future, or inject cash into the economy through increased spending on goods and services.
If enacted, the tax relief would begin at the end of the year when certain Tax Cuts and Jobs Act provisions expire.
This could create a perfect opportunity for transformative reform that puts America’s working families first.
By providing relief to those earning under $150,000, the plan ensures that benefits flow to those who form the backbone of America’s economy.
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