U.S. Commerce Secretary Howard Lutnick said that President Donald Trump wants to eliminate taxes for individuals earning less than $150,000 per year. Lutnick, in a CBS News interview on Tuesday, shared Trump’s tax objective. “I know what his (Trump's) goal is… no tax, for anybody who makes less than $150,000 a year. That's his goal. That's what I'm working for,” Lutnick said. Trump’s tax strategy also aims to abolish taxes on tips and overtime and implement significant reductions to individual and corporate taxes. Lutnick suggested that the deficit arising from these tax cuts could be compensated by curbing overseas tax frauds, which he believes are causing a loss of revenue to the U.S. Lutnick also pointed out a proposed $5 million U.S. visa as a potential source of additional fiscal revenue. 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. While advoca...