President Trump supports higher taxes on the wealthiest Americans — even as he warns of the political fallout. Writing on social media, the president said Democrats would seize on “even a ‘tiny’ tax increase for the ‘rich.’” But added that he would be “OK” if they do increase the top tax rate. The president said […]
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Trump supports higher tax rates on top U.S. earners
President Trump supports higher taxes on the wealthiest Americans — even as he warns of the political fallout. Writing on social media, the president said Democrats would seize on “even a ‘tiny’ tax increase for the ‘rich.'” But added that he would be “OK” if they do increase the top tax rate. The president said “Republicans should probably not do it,” despite his support for boosting the tax rate for those earning 2-and-a-half million dollars and higher or joint filers earning five million.