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.
I think that the people around him understand what he’s trying to achieve here.
Thune: ‘I Don’t Want to See Taxes Go Up'
Breitbart News·6d·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
Divisions run strong in the party, and the president's on-again, off-again push for millionaires taxes complicates the outcome.
Trump revives, then discards, then revives again the idea of taxing the rich in big GOP bill
ABC News·7d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Divisions run strong in the party, and the president’s on-again, off-again push for millionaires taxes complicates the outcome.
Trump revives, then discards, then revives again the idea of taxing the rich in big GOP bill
Boston Herald·7d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.Divisions run strong in the party, and the president’s on-again, off-again push for millionaires taxes complicates the outcome.
Trump revives, then discards, then revives again the idea of taxing the rich in big GOP bill
Associated Press·7d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
A number of provisions enacted by the Tax Cuts and Jobs Act of 2017 are set to expire in December.
Trump sends mixed signals on possible tax hike
The Blaze·7d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.RightThis outlet favors right-wing views.
The messaging around enacting work requirements is an example.
The Wheels Come Off Trump’s Attempt To Pass A ‘Big, Beautiful’ Bill
TPM·7d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans LeftThis outlet slightly leans left.
The White House proposal to create a new tax bracket would upend decades of GOP orthodoxy but could also help fund other tax carve-outs Trump wants, such as exemptions for tips, overtime, and Social Security benefits.
Trump sends mixed signals on new tax for millionaires: ‘Should probably not do it’
Washington Examiner·7d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
Trump's flirtation with a millionaire tax has also inspired backlash from conservatives who warn about electoral consequences and argue the proposal is a dramatic departure from the traditional Republican philosophy of cutting taxes and opposing tax hikes.
Trump Says GOP Should ‘Probably Not’ Raise Taxes After Reportedly Backing Millionaire Tax
Daily Caller·7d·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
Such a move would resonate with working-class Americans who elected the president.
Trump pushes tax hikes for wealthy as 'big, beautiful bill' deadline looms
FOX News·7d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
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.
CNN·7d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly leans left.
Taxing the rich sounds great, but Trump is clearly conflicted about the matter, and so are Republicans in Congress.
Trump Says Republicans Should 'Probably Not' Tax the Rich
Rolling Stone·7d·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.LeftThis outlet favors left-wing views.
The spending reduction side of this equation has been the most challenging, which is a sad commentary on my party and my conference.
Trump Reverses Course, Says GOP Should ‘Probably Not’ Increase Taxes on Wealthy
Epoch Times·7d·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
The vexing tax issue illustrates the difficulty Republicans face in approving an overall taxing and spending package, what Trump calls "a big, beautiful bill," while facing unified opposition from Democrats.
Trump OK's 'tiny' GOP tax hike on the rich as Republicans hash out big tax and spending bill
USA TODAY·7d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
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.
Perspectives
Trump suggests he might support a tax increase on the wealthy as part of broader tax legislation, acknowledging potential political backlash but stating he is 'OK' with it if Republicans choose to proceed.
The Republican leadership, however, is wary of raising taxes, emphasizing a commitment to tax cuts and fearing electoral repercussions similar to those faced by George H.W. Bush after a tax increase.
The party remains divided on how to integrate tax cuts with potential tax increases, as they seek to balance spending cuts with their legislative agenda.
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