Trump told Republican senators he’s open to raising taxes on highest earners

Contact Your Elected Officials
Semafor

President Donald Trump told Republican senators in private last week that he’s open to raising tax rates on some of the highest-earning Americans, according to three people familiar with the meeting.

Trump’s comments came during a sitdown about his agenda with Senate Budget Committee Republicans and Majority Leader John Thune. After Sen. Lindsey Graham, R-S.C., asked Trump how he’d view a proposal to let taxes increase on the highest earners, the president replied that he’d be fine with that idea, the three people told Semafor.

Trump’s remarks were not seen by attendees as full-throated support, but his willingness to entertain higher rates for upper-income taxpayers aligns with recent positive signals about the approach from some White House allies. Letting tax rates rise for higher earners could help inoculate Republicans against Democratic charges that Trump’s agenda breaks his promises to working-class voters who backed him in November.

The White House did not respond to inquiries for this story.

GOP lawmakers are pushing to extend Trump’s 2017 tax cuts law by the end of the year to prevent increases across a wide swath of income ranges while also making good on some of Trump’s newer tax proposals, including an end to taxes on tips and overtime pay. The 2017 law lowered the top tax rate from 39.6 percent to 37 percent; Republicans could decide to extend all of the tax cuts except for the top bracket or even create another bracket for the highest-income earners.

Party leaders are focused on avoiding any tax increases at all, though they’re also not fully ruling out a change in strategy if Trump wants one. Speaker Mike Johnson said on Tuesday that Republicans are “generally … trying to reduce taxes,” and House Majority Leader Steve Scalise, R-La., said Tuesday that the party wants to “keep rates where they are.”

“Republicans are committed to making sure we prevent a $4 trillion tax increase. That’s our focus,” Senate Majority Whip John Barrasso, R-Wyo., told Semafor.

By Burgess Everett

Read Full Article on Semafor.com

The Thinking Conservative
The Thinking Conservativehttps://www.thethinkingconservative.com/
The goal of THE THINKING CONSERVATIVE is to help us educate ourselves on conservative topics of importance to our freedom and our pursuit of happiness. We do this by sharing conservative opinions on all kinds of subjects, from all types of people, and all kinds of media, in a way that will challenge our perceptions and help us to make educated choices.

Armistice and amnesia  

In case you missed it too, June 25th marked the 75th anniversary of the beginning of the Korean War – the first hot front of the Cold War. 

Candace Owens Gets Sued by Macrons

Candace Owens began a deep dive into the lives of French President Emmanuel Macron, his wife Brigitte, and the story of how they came to be together.

Fluoride ‘Tablets’ For Babies EXPLODE in Popularity Amid Water Fluoridation Rollbacks

Reportedly, NPCs are so distraught that their toddlers won’t be fed a neurotoxin through the public water supply that they’ve resorted to fluoride pills.

ChatGPT Goes Biblical about End Times!

There are some truly outstanding internet content creators, or...

Bangkok Indians: ‘You Are Lucky Man’

In Bangkok, friendly prostitutes outside “massage” shops tell me I’m “so handsome man.” Indian men prowling those streets tell me I’m “lucky man.”

Education Department Probe Finds 5 Virginia School Districts Violated Title IX

Five school districts in No. VA violated Title IX by allowing students to access “intimate, sex-segregated facilities based on subjective ‘gender identity,’”

Washington State Sues to Prevent Trump Admin From Accessing Food Aid Immigration Data

Washington state is suing financial services company Fidelity Information Service to prevent it from sharing food aid data with the federal government.

5 Things to Know About Trump Admin’s Settlement With Columbia University

Under agreement between President Trump and Columbia regarding anti-Semitism, school will pay a $200 million fine to regain federal money.

Trumps America: Welp… that backfired.

The official @TheDemocrats account posted chart with the caption “Trump’s America” — but didn’t seem to notice how their own graph actually works.

Ex-DOJ Officials File Lawsuit Against Bondi Over Terminations

Former DOJ officials filed lawsuit against AG Bondi and the fed. govt, saying they were terminated for work on cases related to Jan. 6 Capitol breach.

Odds of U.S.-EU Trade Deal Are 50–50 Ahead of Tariff Deadline: Trump

President Donald Trump said there’s a 50–50 chance that the United States will finalize a trade deal with the European Union before an Aug. 1 deadline.

Trump Pulls Habba’s Nomination for New Jersey’s Top Prosecutor, Making Her Acting US Attorney

President Trump withdrew his nomination of Alina Habba to serve as NJ’s top federal prosecutor, making her Acting US Attorney.

Trump Says He Wants Musk’s Companies to ‘Thrive Like Never Before’

On Thursday, President Trump said, “I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!”
spot_img

Related Articles