HOT DAMN ‼️
Donald J. Trump….
The Republican President of the United States of America WANTS Rich People to Receive HIGHER
TAXES????
Seriously?
The old Timer is having his old Democrat in him coming back?
What IS going on here?
The White House is making a last-ditch push to raise taxes on the wealthiest Americans as part of President Trump’s “big beautiful bill,” as Republican lawmakers craft the final details of the tax package.
The proposal, according to three sources, would 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 — meaning that rate would rise from 37 percent to 39.6 percent — while Republicans would extend the 2017 tax cuts for the lower tax brackets.
One of the sources said the president had made the policy request as recently as Wednesday. Punchbowl News reported Thursday that Trump asked Speaker Mike Johnson (R-La.) directly to back the policy. Johnson did not respond to a question from The Hill about the tax rate when he left the Capitol on Thursday.
Republicans had previously said the option of a new millionaires tax was on the table as they crafted the bill, shocking and prompting swift pushback from many conservatives who had advocated for decades to make refusing to raise taxes part of party orthodoxy….
…
The inclusion of any tax hike in the GOP’s megabill would be a massive reversal for House Republican leadership, which indicated in recent weeks that the prospect was off the table. Last month, Johnson said he “would not expect that” when asked about hiking up the top tax rate.
“We have been working against that idea. I’m not in favor of raising the tax rates because that’s, our party is the group that stands against that, traditionally,” Johnson said on Fox News during an interview.
But Trump has kept the door open to such an increase throughout the process. Asked about the prospect during an interview with Time magazine last month, the president said, “I certainly don’t mind having a tax increase,” but he expressed some apprehension to the idea for political reasons…
…
House GOP leaders are facing hang-ups as they try to appease all corners of the ideologically diverse conference to advance the legislation.
Hard-line conservatives, for example, are calling for the package to be deficit neutral and are pushing for Medicaid changes to make that happen, while moderates are wary of significant reforms to the social safety net program. Centrist Republicans in high-tax blue states are also adamant about increasing the state and local tax deduction cap….
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