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Online mystery-ak

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White House weighing tax hikes for rich to pay for Trump’s no tax on tips promise: report
« on: March 29, 2025, 01:45:36 pm »
 White House weighing tax hikes for rich to pay for Trump’s no tax on tips promise: report
By Victor Nava   
Published March 28, 2025, 6:45 p.m. ET

The Trump administration may allow tax rates for the wealthiest Americans to rise in order to pay for the president’s plan to eliminate taxes on tipped wages, according to a report.

A senior White House official suggested to Axios on Friday that letting income rates on the nation’s highest earners go back to pre-2018 levels might be the most politically palatable option to cover the cost of fulfilling President Trump’s campaign promise.

“If we renew tax cuts for the rich, paid for by throwing people off Medicaid, we’re gonna get f—ing slaughtered,” the official was quoted as telling the outlet.

The Tax Cuts and Jobs Act of 2017 lowered the income tax rate on top earners – $609,351 or more for an individual and $731,201 or more for a married couple – from 39.6% to 37% during Trump’s first term.

If the law is allowed to expire on Dec. 31, about 1% of taxpayers in the top bracket would see their rate move back up. The earnings threshold for the top bracket would also be lowered.

Some White House officials, according to Axios, believe that a GOP-led reversal on taxes would allow the Trump administration to turn the tables on Democrats, who have long called for higher levies on the wealthy and have attacked the president and Republicans for wanting to extend the 2017 tax cuts.   

The White House did not respond to The Post’s request for comment.

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https://nypost.com/2025/03/28/us-news/white-house-weighing-tax-hikes-for-the-rich-to-pay-for-trumps-no-tax-on-tips-promise-report/
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Offline Timber Rattler

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Re: White House weighing tax hikes for rich to pay for Trump’s no tax on tips promise: report
« Reply #1 on: March 29, 2025, 02:14:32 pm »
That sounds exactly like something a Democrat like Clinton, Obama, and Biden would do!

 :pootrump:
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Offline catfish1957

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Re: White House weighing tax hikes for rich to pay for Trump’s no tax on tips promise: report
« Reply #2 on: March 29, 2025, 02:37:02 pm »
Grrrrrrrrrrr.   9999hair out0000
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Offline Hoodat

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Re: White House weighing tax hikes for rich to pay for Trump’s no tax on tips promise: report
« Reply #3 on: March 29, 2025, 02:38:55 pm »
There is no tax on being rich.  There is only a tax on wealth creation.
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Offline Hoodat

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Re: White House weighing tax hikes for rich to pay for Trump’s no tax on tips promise: report
« Reply #4 on: March 29, 2025, 02:41:56 pm »
Quote from: Timber Rattler on March 29, 2025, 02:14:32 pm
That sounds exactly like something a Democrat like Clinton, Obama, and Biden would do!

Jeff Bezos can now work for free.  And once each quarter, his board members can leave a massive billion dollar tip on his desk for offering such great service.
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline Kamaji

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Re: White House weighing tax hikes for rich to pay for Trump’s no tax on tips promise: report
« Reply #5 on: March 30, 2025, 05:14:47 pm »
:bigsilly:
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