US EditionHigher taxes on millionaires? Trump says he’s open, but many in his party are not
- Donald Trump has expressed support for higher taxes on wealthy Americans, stating he’d 'love' a small increase but fears a political backlash from Democrats.
- House Speaker Mike Johnson stated, 'I don’t think we’re raising taxes on anybody,' reinforcing opposition within the Republican Party.
- Trump criticized a tax hike as 'disruptive,' mentioning that wealthy Americans might leave the country to avoid it.
- In a recent interview, Trump remarked, 'I actually love the concept' of a millionaires' tax but does not want it used against him politically.
28 Articles
28 Articles
Bannon signals support for millionaire tax hike: ‘It’s going to help’ Trump
Former White House strategist Steve Bannon signaled his support for a tax hike on the wealthy under the second Trump administration. Bannon said if successful, the move could help President Trump shore up support for a proposed third term in office, which he and other Republicans have moved to facilitate in lieu of Constitutional limits…
Trump Signals Possible Support For Millionaires Tax Amid Election Concerns, Recalls George Bush's Promise: 'He Said Read My Lips And… Lost An Election'
In an interview published Friday, President Donald Trump expressed openness to a tax increase on millionaires, despite previous opposition. He noted that his main concern is the potential impact on his electoral prospects. What Happened: In an interview with Time magazine, Trump referenced former President George H.W. Bush, who lost re-election after breaking a no-tax promise, as a cautionary tale. Trump stated, "I saw Bush where they said, wher…
Steve Bannon: Trump for 2028 reelection will increase tax on wealthy
(NewsNation) — Former White House chief strategist Steve Bannon said Friday that President Donald Trump supports raising taxes on the wealthy while fighting for working-class tax cuts, directly contradicting Republican tax policy priorities. In an interview on NewsNation’s “CUOMO" following a Time magazine profile of Trump, Bannon said Trump favors increasing taxes on Americans earning over $1 million. "In Time magazine, there's a buried lead. H…
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