Commerce Secretary Howard Lutnick (former chairman and CEO of Cantor Fitzgerald) appeared on the All-In podcast to discuss everything from President Trump's transition team to creating DOGE with Elon Musk, fixing GDP, the tariff strategy driving the 'America First' agenda, immigration 'Gold Cards,' government software strategies, and much more.
All-In's Chamath Palihapitiya and David Friedberg joined Lutnick in the White House in a long-form podcast (something Democrats consistently struggle with) to discuss his three-decade relationship with Trump and how he ultimately found himself in politics, backing the president.
Lutnick highlighted his role in leading Trump's transition team and offered behind-the-scenes insight into creating DOGE with Musk:
So I'm in the car with him [Trump]... And I said, "We're going to balance the budget." And I said, "I have one favor to ask of you If we can balance the budget for you - will you agree to wave all income tax I see for every person who makes less than $150,000 a year for the United States of America, which by the way is about 85% of America.
And the reason you want to work for Donald Trump is he looks at me, he goes, "Sure." You realize the president of the United States said, "If you balance the budget, sure." And he's not lying. He's not kidding. He's like, "Yeah that seems that seems like a great idea." Right and so and then I tell him "Okay I'm going to go recruit Elon because Elon's all in..."
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