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Business & Economics

Trump wants to eliminate taxes for Americans earning less than $150,000 a year, says Commerce Secretary

Benzinga
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60% Informative

Commerce Secretary Howard Lutnick said that President Donald Trump wants to eliminate taxes for individuals earning less than $150,000 per year.

Trump ’s comprehensive fiscal plan, including $4.5 trillion in tax cuts, was approved by the Republican -led House of Representatives in February and is now awaiting a Senate vote.

Trump 's tax strategy also aims to abolish taxes on tips and overtime and implement significant reductions to individual and corporate taxes.

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