President Donald Trump‘s support for a tax increase on millionaires, a move that has sparked controversy and political debate among Republicans and conservatives.
What Happened: In a discussion with Time magazine on Tuesday, Trump revealed his inclination towards increasing the marginal tax rate for those earning more than a million dollars per year. This viewpoint has sparked outrage among traditional conservatives and business circles, while some of Trump’s congressional allies have shown a willingness to consider the idea, contingent on Trump’s endorsement, reported The Hill on Monday.
Grover Norquist, president of Americans for Tax Reform, vehemently opposed the proposal, labeling it a “really bad idea” and asserting that it “ain’t happening.” He cited former President George H.W. Bush‘s political downfall following his broken “Read my lips: No new taxes” pledge as a warning for Trump, as …
Full story available on Benzinga.com
President Donald Trump‘s support for a tax increase on millionaires, a move that has sparked controversy and political debate among Republicans and conservatives.
What Happened: In a discussion with Time magazine on Tuesday, Trump revealed his inclination towards increasing the marginal tax rate for those earning more than a million dollars per year. This viewpoint has sparked outrage among traditional conservatives and business circles, while some of Trump’s congressional allies have shown a willingness to consider the idea, contingent on Trump’s endorsement, reported The Hill on Monday.
Grover Norquist, president of Americans for Tax Reform, vehemently opposed the proposal, labeling it a “really bad idea” and asserting that it “ain’t happening.” He cited former President George H.W. Bush‘s political downfall following his broken “Read my lips: No new taxes” pledge as a warning for Trump, as …
Full story available on Benzinga.com
President Donald Trump‘s support for a tax increase on millionaires, a move that has sparked controversy and political debate among Republicans and conservatives.
What Happened: In a discussion with Time magazine on Tuesday, Trump revealed his inclination towards increasing the marginal tax rate for those earning more than a million dollars per year. This viewpoint has sparked outrage among traditional conservatives and business circles, while some of Trump’s congressional allies have shown a willingness to consider the idea, contingent on Trump’s endorsement, reported The Hill on Monday.
Grover Norquist, president of Americans for Tax Reform, vehemently opposed the proposal, labeling it a “really bad idea” and asserting that it “ain’t happening.” He cited former President George H.W. Bush‘s political downfall following his broken “Read my lips: No new taxes” pledge as a warning for Trump, as …Full story available on Benzinga.com Read Morebenzinga neuro, Donald Trump, millionaire, News, Sen. Josh Hawley, Tax Cuts, Tax Reform, Markets, News, Markets, Benzinga Markets
