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Reply to "Read my lips: no tax hike - oh, wait"
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[quote=Anonymous]Trump first said he wanted the 2017 tax cuts to continue, but now he wants to raise taxes on the rich. I guess they couldn't get the math to work. https://www.nbcnews.com/politics/congress/trump-urges-speaker-mike-johnson-raise-taxes-wealthy-rcna205698 [quote]President Donald Trump privately pressed Speaker Mike Johnson, R-La., during a phone call on Wednesday to [b]add two additional proposals to the massive package for his agenda: raising the tax rate on the highest earners and closing the so-called carried interest loophole,[/b] according to a Republican leadership source as well as two other GOP sources familiar with the call. The other GOP source familiar told NBC News that Trump is considering allowing the rate on individuals making $2.5 million or more annually to revert from 37% to the pre-2017 39.6% as a way to help pay for middle and working class tax cuts and protect Medicaid. While Republicans have previously floated the idea of allowing tax rates to go up on top earners when major parts of the 2017 tax law expire at the end of this year, GOP leaders have been resistant to a tax hike on the wealthy, traditionally anathema within the party. [b]Trump also shot down the idea of increasing taxes on millionaires last month, saying it would be "disruptive."[/b][/quote][/quote]
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