Trump seeks tax rise to millions of earners earning over $ 2.5 million
President Donald Trump Pressing to raise members of Parliament Tax rates As a means of replacing other cuts in their main financial package for some rich Americans.
According to individuals who are aware of the negotiations, the presidential proposal for people earning $ 2.5 million or couples with income of $ 5 million has created a 39.6% new tax range.
Trump made the request during a telephone call on Wednesday with the President of the House of Representatives Mike Johnson. He reiterated the desire to eliminate the financial advantage of some of the profits of investment used by risk capital and private equity managers, according to a source.
House Tax Committee Chairman Deputy Jason Smith must meet Trump On Friday, Congress adviser said the tax bill would be useful for the former president.
It is still unclear whether this proposal is an existing exemption for some income of small businesses that are taxed as personal income.
If Congress is approved Trump plan For the 39.6%rate, it brings the highest level of tax that has not been seen before the 2017 tax version, which Trump himself encouraged. The current tax rate of individuals is 37%.
Trump sent contradictory signs about raising taxes to the rich. He has already commented that such a measure leads to American millionaires to other countries and that it can harm the Republicans in the elections.
But this proposal comes at that time, legislators are struggling to find a way to pay for several trillion dollars package Trump He called “great and beautiful bill” to extend his first tenure’s tax cuts.
Republicans are under increasing pressure to limit the total cost of the package, as they have trouble getting consensus on cuttings in care programs such as Medicid – a health plan for low -income Americans.
Increasing taxes on riches will give Trump’s 2017 tax cuts permanently, removing tips and to permanently overtime payment in maneuver.
Tax growth is against the long -term Republican orthodox virtue. Willingness Trump Shows how much he rebuilt in proposing the growth of millionaires Republican Party To your own popular image. Most party representatives have rejected other proposals to increase taxes to high -income families.
Deputy Kevin Hern, a member of the Oklahoma Republican and House Tax Committee, said that there is no deal yet, but the maximum tax rate and the “interest of interest” carrying the “interest”, but still there is no agreement.
“Whenever the President asked anything, we will look into it,” he said.
Senator Mike Krapo, who heads the Senate Finance Committee, said to the Conservative Broadcaster Hewitt on Thursday that he was “not enthusiastic” with a proposal to raise taxes, but there are many people. The room As in the Senate ”.
“If the president supports this proposal, this is an important thing we should take into account,” the worst said.
