President Trump has expressed mixed feelings about raising the top tax rate for millionaires during ongoing discussions for a significant tax reform bill. While he publicly suggested that increasing taxes on wealthy individuals could provoke political backlash, he simultaneously indicated he would not oppose GOP efforts to implement such changes. This ambivalence complicates the Republican push for the tax package, which is set to advance to public hearings, amid internal party divisions over its implications for the wealthy and middle-income earners.
Over the past months, Trump has repeatedly brought up the idea of imposing a higher rate for millionaires and revived his request in private talks.
Trump posted on social media that hiking taxes on anyone, even the rich, could stir a political backlash, reviving the 'Read my lips: No new taxes' warnings of the Bush-era.
The problem with even a 'TINY' tax increase for the RICH... is that the Radical Left Democrat Lunatics would go around screaming, 'Read my lips,' Trump wrote.
In any event, Republicans should probably not do it, but I'm OK if they do!!! Trump wrote Friday.
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