History tells us that tax cuts are more likely to lead to perverse results when they favor one kind of income over another.

While campaigning, President Donald Trump proposed eliminating taxes on overtime, tips and Social Security benefits. Here's ...

Donald Trump to eliminate the federal tax on tips on his first day in office, as of March 2025, he has not kept his promise.

If you earn less than $150,000, Trump wants to abolish your taxes, says U.S. Commerce Secretary Howard Lutnick.

His latest pitch reportedly calls to end taxes for individuals earning less than $150,000 a year. “I know what his goal is — ...

President Donald Trump may cancel income tax for Americans earing below $150,000 annually, Commerce Secretary Howard Lutnick ...

The way Donald Trump tells the story, a young waitress at his Las Vegas hotel restaurant last year mentioned that tax collectors were hounding her “viciously” for tip income. “ ‘You know, sir, you ...

U.S. Commerce Secretary Howard Lutnick said that President Donald Trump wants to eliminate taxes for individuals earning less than $150,000 per year. What Happened: Lutnick, in a CBS News ...

File photo of US President Donald Trump with. Commerce Secretary Howard ... Speaking to CBS on March 12, Lutnick said, “how about no tax on tips? how about no tax on overtime?

suggesting that Trump's tax agenda could allow some individuals to keep up to $24,000 annually that would otherwise go to federal income taxes. "How about no tax on tips? How about no tax on overtime?