Trump Supports Tax Hike on Wealthy but Urges GOP to Avoid It, Proposes Small Business Carve-Out


Trump backs tax hike on rich, but says GOP ‘should probably not do it’

President Donald Trump says he would back raising taxes on the richest Americans to help pay for his domestic agenda.

The politics of a tax hike are difficult for Republicans to stomach, but so are the potential deficits that would result from enacting cuts without money to pay for them.

Trump called House Speaker Mike Johnson, R-La., about a tax hike and proposed a carve-out for small business owners, many of whom report business income on their individual returns.



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