President Trump said Friday that GOP lawmakers should “probably not” raise taxes on the rich, but added that he's “OK if they do.”
“The problem with even a ‘TINY’ tax increase for the RICH, which I and all others would graciously accept in order to help the lower and middle income workers, is that the Radical Left Democrat Lunatics would go around screaming, ’Read my lips,’ the fabled Quote by George Bush the Elder that is said to have cost him the Election. NO, Ross Perot cost him the Election! In any event, Republicans should probably not do it, but I’m OK if they do!!!” Trump wrote in a post on Truth Social.
Three sources told The Hill on Thursday that the White House had put forward a proposal to 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. The rest of the 2017 tax cuts would be extended.
And while the top tax bracket for 2024 applied to incomes higher than $609,351 for single filers and $731,201 for joint filers, the White House is pitching a new higher rate that would apply to those with incomes greater than $2.5 million for single filers or $5 million for joint filers, according to one source with knowledge of the pitch.
The White House’s idea for raising taxes on the rich comes as House Republican leaders are looking to craft a Trump agenda bill that appeases all corners of the ideologically diverse GOP conference.
— Mychael Schnell
![[FREE EBOOKS] Offensive Security Using Python, Learn Computer Forensics — 2nd edition & Four More Best Selling Titles](https://www.javacodegeeks.com/wp-content/uploads/2012/12/jcg-logo.jpg){kind=logo}
