Trump Says He's OK With 'Tiny' Tax Hikes For The Rich, But Warns Republicans There Will Be Political Backlash

Madison Troyer

Wed, May 14, 2025, 11:37 AM 4 min read

• President Donald Trump said he'd beryllium "OK" with "tiny" taxation hikes connected the affluent connected Friday, but warned that the changes would apt pb to pushback from the Republican party

• The Truth Social station follows akin remarks to Time mag past month

• The remarks travel conscionable earlier Republicans are acceptable to contiguous the "one large beauteous bill," a portion of authorities that volition screen things similar taxation cuts and budgetary considerations, among different things

President Donald Trump said Friday greeting that he'd beryllium "okay" with "tiny" taxation hikes for the rich, but warned Republicans they should "probably not bash it."

In a station connected Truth Social, Trump wrote, "The occupation with adjacent a ‘TINY' taxation summation for the RICH, which I and each others would graciously judge successful bid to assistance the little and mediate income workers, is that the Radical Left Democrat Lunatics would spell astir screaming, ‘Read my lips,' the fabled Quote by George Bush the Elder that is said to person outgo him the Election... In immoderate event, Republicans should astir apt not bash it, but I'm OK if they do!!!"

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Republicans person been struggling to travel up with $1.5 trillion successful fund cuts to assistance offset the trillions of dollars successful taxation cuts that person resulted from the Tax Cuts and Jobs Act, which Trump signed into instrumentality successful 2017.

This is not the archetypal clip Trump has indicated that he'd enactment taxation hikes connected the rich. In an interrogation with Time mag past month, helium said, "I surely don't caput having a taxation increase... I’d beryllium raising them connected affluent to instrumentality attraction of mediate class. And that’s—I love, that. I really emotion the concept, but I don’t privation it to beryllium utilized against maine politically."

House Republicans are divided connected the thought of taxation increases for those who marque implicit $1 cardinal a year. When asked by the Washington Post however galore senators would enactment the plan, Sen. Josh Hawley (R-MO), said, "Zero probably. Maybe 1 oregon two." The Post besides reports that House Speaker Mike Johnson (R-LA), Sen. Dave McCormick (R-PA), and Sen. Ted Cruz (R-TX), are each vehemently opposed to the idea.

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Insiders told Reuters that Trump is pushing to rise the apical taxation complaint from 37% to 39.6% for individuals earning $2.5 cardinal and higher and associated filers earning $5 cardinal oregon more. "This volition assistance wage for monolithic mediate and working-class taxation cuts, and support Medicaid," a root told the outlet.