Trump's Tax Reform Plan Faces GOP Opposition
GOP leaders express reluctance to raise taxes on the wealthy, as Trump navigates fluctuating stances on his reform bill.
Summary
President Trump continues to exhibit ambivalence regarding tax increases for wealthy Americans in his reform bill. While he previously supported increasing taxes for earners over $2.5 million, he has since expressed concerns about potential backlash, referencing George H.W. Bush's 'Read my lips' pledge. Recently, Senate Majority Leader John Thune stated he opposes any tax hikes, emphasizing the GOP's mission is to lower taxes. On Truth Social, Trump acknowledged his acceptance of a small tax increase for the rich but warned about the political consequences. The GOP is working to unite on Trump's proposed tax reform ahead of Memorial Day.
Articles (16)
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TPM·23d· "…The messaging around enacting work requirements is an example."
CNN·23d· "…The idea, however, is not being warmly embraced among the House GOP and is far from guaranteed to make it into the president’s final “one big beautiful” bill, which aims to make permanent the sweeping Trump 2017 tax cuts and incorporate the president’s campaign promises to eliminate taxes on tips and certain other income."
Rolling Stone·23d· "…Taxing the rich sounds great, but Trump is clearly conflicted about the matter, and so are Republicans in Congress."
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