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Trump Suggests GOP Should Likely Not Increase Taxes After Supporting Millionaire Tax

President Donald Trump seems to have put Congressional Republicans in a tough spot by suggesting that Americans might need to increase taxes within a “big beautiful bill” that the GOP is currently crafting. On Friday morning, Trump remarked that Congressional Republicans shouldn’t “probably” raise taxes on high earners. Yet, he acknowledged that if he decides […]

Bannon signals support for millionaire tax hike: ‘It’s going to help’ Trump

Former White House strategist Steve Bannon has shown his support for tax cuts on wealthy people under the Second Trump administration. Bannon said if successful, the move could help President Trump Shore support the proposed third term of office. “This is being fought behind closed doors now. Plus, I’m telling you with a massive tax […]

Trump sours on millionaire tax to fund ‘big, beautiful’ agenda bill

President Trump rejected a floating proposal among Congressional Republicans, jacked billionaire’s taxes and paid for his “big and beautiful” agenda package. In recent weeks, some Republicans have hanged the possibility of establishing a 40% tax rate on taxpayer revenues of more than $1 million a year. Currently, the highest tax rate is 37% for annual […]

White House quietly mulls millionaire tax hike as House GOP leaders object

White House aides have quietly floated the proposal within the House GOP, raising tax rates for people making more than $1 million to 40%, two sources familiar with the discussion told Fox News Digital, offsetting costs of eliminating overtime pay, wage slopes and social security tips for retirement. Sources stress that the debate is preliminary, […]