Lutnick ran Cantor Fitzgerald for nearly 30 years until he was confirmed by the Senate in February, when he turned over control of the firm to his sons, Kyle and Brandon, who are both in their twenties. Since joining the Trump administration, Lutnick has emerged as one of the most vocal supporters of the president’s tariff policies, which Lutnick has said would raise “hundreds and hundreds of billions of dollars” in revenue for the United States, eventually eliminating the need for Americans making less than $150,000 to pay taxes.

In a letter seen by WIRED, a representative from Cantor said the firm was willing to trade tariff refund rights for 20 to 30 percent of what companies have paid in duties. “So for a company that paid $10 million, they could expect to receive $2-$3 million in a trade,” the representative wrote. “We have the capacity to trade up to several hundred million of these presently and can likely upsize that in the future to meet potential demand.”

(http://www.autoadmit.com/thread.php?thread_id=5805646&forum_id=2\u0026mark_id=5310906",#49479599)

(http://www.autoadmit.com/thread.php?thread_id=5805646&forum_id=2\u0026mark_id=5310906",#49479761)