Commerce Secretary Howard Lutnick revealed that when he asked President Donald Trump if the federal government could eliminate income taxes on all Americans making less than $150,000 a year if the Trump administration could balance the budget, Trump answered, “Sure.”
Lutnick appeared on the “All In” podcast, where he spoke about balancing the budget before speaking of Trump and income taxes.
“I’m in the car with him and I said we’re going to balance the budget,’ Lutnick recalled. “And I said, ‘But I have one favor to ask you: If we can balance the budget for you, will you agree to waive all income tax for every person who makes less than $150k a year in the United States of America?’ Which, by the way, is about 85% of Americans. And the reason you want to work for Donald Trump is he looks at me, he goes, ‘Sure.’ You realize, the President of the United States…
