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Trump backs tax hike at the wealthy, however says GOP ‘most definitely’ should not do it

Trump backs tax hike at the wealthy, however says GOP ‘most definitely’ should not do it

U.S. President Donald Trump speaks throughout a swearing-in rite of Special Envoy Steve Witkoff within the Oval Office on the White House in Washington, D.C., U.S., May 6, 2025.

Kent Nishimura | Reuters

President Donald Trump on Friday tepidly subsidized the theory of elevating taxes at the richest Americans, whilst brazenly wrestling with the politics of the sort of transfer and suggesting that his fellow Republicans will have to “probably” oppose it.

Trump’s public deliberation on social media got here after he reached out to House Speaker Mike Johnson, R-La., about including a tax hike at the perfect earners to the main tax and spending invoice that the GOP goals to move this 12 months.

It’s the newest sign that Trump — whose time table leans closely on what he calls the “one, big, beautiful bill” passing thru a divided Congress — is prepared to greenback the standard Republican orthodoxy on taxing the wealthy.

Trump within the Truth Social put up Friday morning stated he “and all others” would “graciously” settle for “even a ‘TINY’ tax increase for the RICH” for the good thing about “lower and middle income workers.”

“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!!!” — Donald Trump, Truth Social put up

But “the problem” with that concept, he wrote, “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.”

Trump used to be regarding then-candidate George H.W. Bush’s 1988 marketing campaign promise that he would no longer carry taxes as president. Bush’s eventual failure to stay that promise created a significant goal for his political fighters, and used to be observed as a think about his loss within the 1992 election.

Trump’s put up disputed that historical past. “NO, Ross Perot cost him the Election!” he wrote.

Read extra CNBC politics protection

“In any event, Republicans should probably not do it,” Trump added.

But then, it seems that reversing himself, he wrote, “I’m OK if they do!!!”

This is creating information. Please take a look at again for updates.


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