Trump considers tax hike on Americans making $2.5 million or more per year

Discussion in 'Politics' started by ipatent, May 9, 2025 at 7:32 AM.

  1. ipatent

    ipatent

    Trump considers tax hike on Americans making $2.5 million or more per year

    President Donald Trump is considering a small tax increase for wealthy Americans to help pay for his priorities to boost the middle and working classes.

    A source familiar with Trump's thinking told Fox News Digital that Trump is considering allowing the rate on individuals making $2.5 million or more to increase by 2.6%, from 37% to 39.6%.

    He quietly pushed Speaker Mike Johnson, R-La., on the idea in a phone call on Wednesday, two people familiar with conversations told Fox News Digital.

    It comes as Republicans work on a massive piece of legislation advancing Trump's priorities on taxes, border security, immigration, energy, defense and the national debt, which the president has dubbed his "big, beautiful bill."
     
  2. mervyn

    mervyn

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  3. Nine_Ender

    Nine_Ender

    Saw a news story that his reopening Alcatraz idea is absurd. The place is basically a tourist museum that would have to be totally rebuilt. He does just shoot ideas off the top of his head but the problem is the Republicans aren't controlling him at all. Bunch of boot lickers afraid of the man. The whole US situation is just sad on so many levels the govt is a giant joke.
     
    insider trading likes this.