Donald Trump Proposes Eliminating Taxes for Americans Earning Under $150,000

Commerce Secretary Howard Lutnick outlines Trump's tax plan, which includes removing taxes on tips, overtime, and Social Security contributions.

President Donald Trump aims to abolish federal income taxes for individuals earning less than $150,000 annually, according to Commerce Secretary Howard Lutnick.
The proposal would also eliminate taxes on tips, overtime pay, and Social Security contributions, as part of a broader tax reform strategy.
The plan, which includes $4.5 trillion in tax cuts, has passed the Republican-led House of Representatives and awaits a Senate vote.
Critics have raised concerns about the plan's fairness, potential economic impacts, and its constitutionality under equal protection principles.
Supporters argue the policy could stimulate the economy and provide significant relief for middle-class Americans.