US EditionTrump says he's OK with taxing the rich but warns of political fallout
- President Donald Trump endorsed a proposal to raise taxes on the nation's highest earners in 2025 to fund cuts for lower-income groups.
- The tax hike idea follows ongoing Republican efforts to extend Trump's 2017 tax cuts amid debates reminiscent of George H.W. Bush's broken 'no new taxes' promise in 1988.
- Trump acknowledged Democrats would criticize the increase by invoking Bush's 'Read my lips' statement but contended that other issues, including Ross Perot's candidacy, affected Bush's loss.
- Trump told reporters, "I'm OK if Republicans do it," describing the tax increase as a small sacrifice by the wealthy to benefit middle- and lower-income earners through redistribution.
- This tax plan signals potential political risks similar to Bush Sr.'s experience, though Trump argues it represents "good politics" to help lower-income Americans despite possible GOP dissent.
21 Articles
21 Articles
Top Republican Senator Responds To Trump’s Suggestion For Higher Taxes On Rich
Senate Majority Whip John Barrasso (R-WY) stuck to his conservative principles when asked about President Donald Trump raising the prospect of a tax increase on the highest income earners in the country.NBC’s Kristen Welker pressed the top Senate Republican on the issue during the latest airing of “Meet The Press” after Trump said he would be “OK” with a tax hike on the rich to help lower and middle income workers in the “big, beautiful bill” — …
Dick Morris to Newsmax: Trump Told Me He Won’t ‘Raise Taxes at All’
Presidential adviser Dick Morris told Newsmax Saturday that he spoke with President Donald Trump earlier in the day and “he’s not going to raise taxes at all.” As the Republicans seek to come to an agreement on the federal budget, much discussion has been raised about the need to raise taxes in the wake of Trump’s tariffs that have been imposed on most imports. “I spoke with him yesterday and today, and he’s not going to do that,” Morris said du…
Trump says he’s OK with taxing the rich but warns of political fallout - West Hawaii Today
U.S. President Donald Trump said on Friday he was “OK” with raising taxes on the wealthiest Americans, as his fellow Republicans consider scaling back the scope of the ambitious tax-cut package they aim to pass this year.
Trump says he's OK with taxing the rich but warns of political fallout
U.S. President Donald Trump said on Friday he was "OK" with raising taxes on the wealthiest Americans, as his fellow Republicans consider scaling back the scope of the ambitious tax-cut package they aim to pass this year.
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