• Trump Floats Tax Hike on the Rich to Fund Spending Cuts, New Economic Plan

    In a surprising shift, Donald Trump is considering raising taxes on the wealthy to fund his sweeping tax overhaul and budget cuts. The plan reportedly includes major reductions in government spending while offsetting costs with increased revenue from high-income earners. Critics question the policy reversal, while allies say it’s a pragmatic pivot to win broader support ahead of the 2024 election.

    #Trump #TaxPlan #WealthTax #Economy #BudgetCuts #Election2024 #BETTRNews

    Full article:
    https://amp.cnn.com/cnn/2025/05/09/politics/trump-tax-wealthy-house-republicans
    💰 Trump Floats Tax Hike on the Rich to Fund Spending Cuts, New Economic Plan In a surprising shift, Donald Trump is considering raising taxes on the wealthy to fund his sweeping tax overhaul and budget cuts. The plan reportedly includes major reductions in government spending while offsetting costs with increased revenue from high-income earners. Critics question the policy reversal, while allies say it’s a pragmatic pivot to win broader support ahead of the 2024 election. #Trump #TaxPlan #WealthTax #Economy #BudgetCuts #Election2024 #BETTRNews 🔗 Full article: https://amp.cnn.com/cnn/2025/05/09/politics/trump-tax-wealthy-house-republicans
    AMP.CNN.COM
    Trump floats raising taxes on the rich to pay for his sweeping tax and spending cuts package | CNN Politics
    President Donald Trump said he’s open to hiking taxes on wealthy Americans to help pay for Republicans’ sweeping tax and spending cuts package, but the idea remains hotly contested among GOP lawmakers on Capitol Hill.
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