(AmericanProsperity.com) – Seeking to put more money back into the pockets of hardworking Americans, President Donald Trump has announced a game-changing tax plan.
Specifically, his bold tax proposal would eliminate federal taxes for those earning under $150,000.
This revolutionary plan would free 93% of Americans from the burden of income taxes while shifting costs to foreign countries and tax evaders.
The sweeping tax reform represents one of the most significant moves to restore economic freedom to middle-class Americans in generations.
Commerce Secretary Howard Lutnick recently confirmed the ambitious scope of President Trump’s vision.
He stated: “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.”
Besides eliminating federal income taxes for most Americans, the thorough tax relief package would also make tips, overtime pay, and Social Security benefits completely tax-free.
These changes would deliver immediate financial relief to seniors, service workers, and countless others whose earnings have been eroded by the Democrat-created inflation crisis.
Unlike the left’s approach of endless government spending programs, President Trump’s plan tackles economic hardship by simply letting Americans keep more of their hard-earned money.
While Democrats claim this plan would increase the deficit, Lutnick detailed how the tax cuts would be funded by targeting overseas tax frauds and implementing targeted tariffs on foreign imports.
“These policies generate revenue. They drive growth. They lead to factories being built here,” Lutnick explained.
He also dismissed fears of an economic downturn, adding, “The only reason there could possibly be a recession is because of the Biden nonsense we had to live with.”
A critical component of President Trump’s economic strategy includes strategic tariffs on industries vital to national security, like steel and aluminum.
As Lutnick pointed out: “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.”
The plan also includes innovative revenue sources, including a $5 million “gold card” visa program that would generate significant income from wealthy foreigners seeking U.S. residency.
Additionally, President Trump aims to replace the IRS with an External Revenue Service focused on collecting foreign revenue instead of harassing American citizens.
The proposal aligns perfectly with the president’s agenda, focusing on rebuilding American manufacturing, protecting crucial industries from unfair foreign competition, and ensuring economic security for working and middle-class families.
By eliminating taxes on incomes under $150,000, the administration would effectively return economic power to those who the Biden-Harris inflation nightmare hurt the most.
With the president’s tax plan, the American dream would once again be within reach for millions who have watched their economic prospects diminish under Democrat leadership.
President Trump’s vision represents a return to prosperity and economic freedom by cutting taxes, reducing wasteful government spending, and making strategic investments in American industries.
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