Trump’s Tax Plan: There’s some exciting news for U.S. citizens—Donald Trump has been talking about bringing back his 2017 tax cuts. His plan? No taxes on service charges, no taxes on overtime pay, and even bigger income tax breaks.
Trump’s Tax Plan: Major Relief for the Middle Class
Starting April 1, 2025, Trump wants to eliminate income tax on earnings up to $150,000 per year (around ₹1.25 crore). Right now, Americans making that much pay a 22% federal tax, but if Trump’s plan goes through, they wouldn’t pay a dime.
This information comes from Commerce Secretary Howard Lutnick, who recently shared Trump’s vision for tax cuts in an interview. He emphasized that Trump’s goal is to make life easier for working Americans by cutting taxes in several areas:
No tax on tips
No tax on overtime earnings
No tax on Social Security income (a pension-like scheme for seniors)
Tax exemptions for ‘Made in America’ products
A Game-Changer for the Economy?
Lutnick strongly defended Trump’s economic policies, calling them critical for America’s future. He argued that the Biden administration’s policies have led to economic struggles, while Trump’s tax cuts would boost growth, revenue, and manufacturing.
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Can This Actually Happen?
While many Americans are excited about this potential tax break, one big question remains: How will the government make up for the lost tax revenue? The Trump administration hasn’t provided a clear answer yet.
Still, social media reactions have been overwhelmingly positive. One user called it “the most popular law in American history.” Another said, “Cutting taxes for those earning under $150,000 would be an incredible move—it’ll help millions and strengthen the economy.”
If Trump follows through on this plan, it could bring massive relief to the middle class and change the way Americans pay taxes forever.
