US EditionTrump Says Millionaire Tax Would Push Wealthy to Leave the US
- Republican lawmakers and allies are debating raising taxes on wealthy Americans earning over $1 million.
- This discussion occurs while crafting a large tax and spending package and addressing the $36 trillion federal debt.
- The proposal faces internal party division, with some supporting it while others oppose tax increases.
- Former President Trump stated he thinks a millionaire tax "would be very disruptive" to the economy.
- Skepticism remains high that enough Republicans would support the hike, despite some internal interest.
60 Articles
60 Articles
'Game, set and match': Steve Bannon despairs that GOP just lost a major battle
President Donald Trump vowed not to raise taxes on the rich to pay for his agenda — and handed a major win to the Democrats' left, a key player in the MAGA movement said Friday.Former Trump adviser Steve Bannon said if the GOP had hiked taxes, it would have gutted “the AOC-Bernie ‘oligarchy tour.’”M...
'We Have Been Working Against That': Trump and Johnson Dump Cold Water on Millionaire Tax Hike
"We fully expect Republicans to once again sacrifice everything and everyone at the altar of tax cuts for their ultra-wealthy benefactors at the expense of working people," said one progressive campaigner.
Talk of raising taxes on millionaires swirls as Republicans draft Trump's 'big, beautiful bill'
WASHINGTON (AP) — Why not tax the millionaires? As Congress begins drafting a massive package for President Donald Trump’s “big, beautiful bill” with trillions of dollars in tax breaks and federal program cuts, it’s a question that won’t seem to go away. Trump himself has mused he’d “love” to tax wealthier Americans a little bit more, but the Republican president has also repeatedly walked it back. This week, the president dismissed a tax hike a…
Trump Claims Americans Won’t Accept Taxing Millionaires, Despite Public Support
In a stunning display of detachment from public sentiment, President Trump recently claimed that taxing millionaires would not be “acceptable to the public.” This, despite the fact that polls consistently show overwhelming support for higher taxes on the wealthy. In an interview published Friday, Trump said that he liked the “concept” of raising taxes on the rich to fund his policy proposals. But he quickly followed up with the absurd claim that…
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