Trump unveils bold tax overhaul for Americans
Donald Trump has a big idea brewing, and it’s turning heads across the United States. On Thursday, his Commerce Secretary Howard Lutnick spilled the details of a plan to wipe out federal taxes for anyone earning less than $150,000 a year—roughly ₹1.3 crore. Lutnick, speaking on CBS, said this is Trump’s dream, and he’s all in on making it happen. It’s a promise that could mean millions of Americans keep more of their hard-earned money, flipping the country’s tax system upside down.
The plan doesn’t stop there. Lutnick tossed out more eye-catching possibilities—no taxes on tips, overtime, or even social security payments. He’s pitching this as part of Trump’s larger vision, which includes slapping tariffs on imports to rake in cash from abroad instead of leaning on American wallets. While Lutnick swears this will spark growth and bring factories back home, not everyone’s sold—some worry it could balloon deficits or even tip the economy into a recession, especially after the rocky years under Biden.
Critics and fans are already clashing online. Some say it’s unfair to dump the government’s bills on those earning over $150,000, arguing that’s not “rich” for a family these days. Others cheer the shift, pointing to tariffs as a way to make foreign companies pay up and cut the waste in Washington. But there’s a catch—people might start gaming the system, trimming their incomes to duck under that $150,000 line, which could slow ambition in a country built on chasing success.
This isn’t Trump’s first swing at taxes—he’s already pushed a $4.5 trillion tax cut package through the House, now waiting on the Senate. Alongside it, he’s calling for slashing federal agencies and tightening the budget, stirring up fierce arguments about how America should pay its way. As the debate heats up, Trump’s latest tax twist is lighting a fire under an old question: who should foot the bill for the nation’s future?
