Republicans debating tax increase for the rich to pay for other tax cuts
- President Donald Trump is considering a proposal to raise the corporate tax rate to offset trillions in proposed tax cuts, which would break from his 2024 campaign platform.
- White House Press Secretary Karoline Leavitt confirmed that Trump has not decided if he supports a corporate tax hike to pay for new tax cuts.
- Republicans are debating increasing taxes on the highest earners to fund proposals like eliminating taxes on tips.
- Speaker Mike Johnson stated that increasing taxes on wealthiest Americans is a general principle they try to abide by.
25 Articles
25 Articles
Down With GOP Tax-Hike Talk! - The American Spectator | USA News and Politics
Rumors are swirling that Republicans are weighing a tax hike on $1 million-plus earners. This would create a brand new top rate of 40 percent or even higher. Such a GOP-sponsored tax increase would be an excellent tool — provided that Republicans wish to splinter their ranks, sink President Donald J. Trump’s Big, Beautiful Bill, slow the economy, and sandbag themselves in the 2026 midterm elections.


Republicans consider increasing taxes on the rich in break from party orthodoxy
Republicans in Congress are considering increasing taxes on the rich as a part of President Trump’s “big, beautiful bill” of ambitious legislative priorities, a striking development that breaks with decades of party orthodoxy and is spurring alarm bells from traditional conservatives. The discussions are in the early stages, and lawmakers say it is possible that no tax hike makes it in the final legislation. But the once-inconceivable considerat…
Las Vegas servers split on 'No Tax on Tips' proposal
LAS VEGAS (KLAS) -- During his Las Vegas campaign rallies, President Trump repeatedly echoed a promise of “No Tax on Tips” due to the city's high rate of hospitality and service workers. The proposal is now being considered as part of the president’s “Big Beautiful Bill” which would extend his 2017 tax cuts. Congressional Republicans are hoping to get the legislation past the finish line by the end of next month. Last year, more than 70% of Neva…
LARRY KUDLOW: I don't believe the Trump tax hike rumors
Yesterday was tax day, which would've been a good time for the White House to put to rest all the rumors of a Republican tax hike. Instead we got a Bloomberg article entitled: "Millionaire Tax Hike Gains Steam as Trump Signals Openness." Now openness doesn't mean the President would sign off on it. Knowing him, he's open to discussing a lot of things that he ultimately rejects. That's why I believe this is something he will ultimately reject. Pr…
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