Background

Donald Trump has proposed eliminating federal income taxes for individuals earning less than $150,000 per year as part of his economic platform. This proposal was recently highlighted by U.S. Commerce Secretary Howard Lutnick, who stated that this is a goal the administration is working toward. The broader tax strategy also includes eliminating taxes on tips, overtime, and Social Security benefits.

Resolution Criteria

This market will resolve as YES if, during Trump's presidency, legislation is passed and implemented that significantly reduces federal income taxes specifically for individuals earning under $150,000 annually.

"Significantly" means a reduction of at least 25% of current tax liability for this income group. (Current tax liability includes the tax cuts he passed in his first term).

If he somehow uses the power of the executive branch to achieve the same goal, it counts as well.