If necessary, US President Donald Trump can imagine a higher wealth tax in the United States. At the same time, he took into account the fact that an increase is probably particularly useful for the Democrats.
On Friday he referred to the former Republican President George Bush Senior on Friday, who lost his reunion after saying in the 1988 election campaign: “Read from My Lips: No New Taxes.”
The Republicans in the House of Representatives and the Senate want to expand the tax cuts of 2017, which were taken over during the first term of Trump in the White House and will expire this year. Trump and other members of parliament from his party spoke about a relief for the Americans and an economic revival in the light of uncertainty about Trump’s rates for import goods.
Income affected by $ 2.5 million
Now the American president rowed back. He can imagine an increase from 37 to 39.6 percent for people with an income of at least $ 2.5 million (equal to 2.21 million euros) and for jointly assessed persons with an income of $ five million with exceptions for small companies.
“The Republicans should probably not do it, but it would be good for me if they did it,” Trump wrote on his social social platform on Friday. So far, Johnson and other prominent Republicans have resisted higher taxes for Rich.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
