Trump pivots, says GOP should ‘probably not’ raise taxes on rich
by Mychael Schnell - 05/09/25 8:38 AM ET
President Trump on Friday said GOP lawmakers should “probably not” raise taxes on the rich — but said he would be okay if it ultimately happened — as Republicans on Capitol Hill deliberate over the final details of the party’s bill full of Trump’s legislative priorities.
The suggestion came one day after reports surfaced that the president was making a fourth-quarter push to increase taxes on the wealthiest Americans in the GOP’s megabill.
“The problem with even a ‘TINY’ tax increase for the RICH, which I and all others would graciously accept in order to help the lower and middle income workers, is that the Radical Left Democrat Lunatics would go around screaming, ’Read my lips,’ the fabled Quote by George Bush the Elder that is said to have cost him the Election. NO, Ross Perot cost him the Election! In any event, Republicans should probably not do it, but I’m OK if they do!!!” Trump wrote in a post on Truth Social.
Three sources told The Hill on Thursday that the White House had put forward a proposal to allow the top marginal income tax rate cut that Trump signed into law in 2017 to expire at the end of the year for the highest-income Americans, which would increase the tax rate for those individuals from 37 percent to 39.6 percent. The rest of the 2017 tax cuts would be extended.
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https://thehill.com/homenews/administration/5291877-trump-tax-increase-rich/
