Trump considers tax hike on Americans making $2.5 million or more per year: Report

Trump says Republicans should 'probably not' give a tax increase to 'the rich'

President Donald Trump seemed to recognize the political risk in raising taxes on the richest Americans but blamed Democrats for his retreat. The president suggested to congressional Republican leaders that increasing income taxes on the highest earners to their pre-2017 levels, from 37 percent ...

The American president has promised a lot of tax cuts, but someone has to pay for it – especially if customs revenues are not going to be so luxuriant, and resistance is already stirring up in their own party.

TAX REVOLT, Part Three: The Pledgemaster

For decades, Grover Norquist, head of the activist group Americans for Tax Reform, has been on a vicious quest to purge anyone who dared to raise taxes within the Republican Party. He’s taken down economic populists, budget hawks, and even former President George H.W. Bush. Today, signing Norquist’s antitax pledge is the price of entry to the Republican Party.Norquist is now waging a vendetta against “traitors” in the White House — people who ar…

US President Donald Trump has proposed raising taxes on wealthy Americans. The plan may not be supported by many Republicans, who have long championed low taxes.

Trump Seeks 39.6 Percent Tax on $2.5M-Plus Earners

President Donald Trump is urging Congress to raise taxes on the wealthiest Americans, including a new top tax bracket and eliminating longstanding breaks, as Republicans look for ways to fund sweeping economic reforms, Bloomberg reported.

Trump Signals Openness To Higher Top Tax Rate On Millionaires

The president has been going back and forth on taxing the rich, which he’s previously said would cause wealthy Americans to flee the country.