Trump Wants to Eliminate Taxes for Those Earning Under $150,000, Commerce Secretary Says

‘That’s his goal. That’s what I’m working for,’ Howard Lutnick says.

U.S. Commerce Secretary Howard Lutnick speaks next to U.S. President Donald Trump, as they make an announcement at the White House in Washington on March 3, 2025. Leah Millis/Reuters

President Donald Trump is seeking to waive income taxes on individuals earning under $150,000 per year, said U.S. Commerce Secretary Howard Lutnick in two interviews this week.

“I know what [Trump’s] 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 told CBS News in an interview published Wednesday.