Trump’s flirtation with millionaire tax increase gets strong pushback from the right
Taxes,Politics,Wealthy Americans,Conservatives
President Trump is getting heat from his right flank for declaring he loves the concept of a millionaires’ tax increase even though he says he knows it would be used against him politically.
Trump made the declaration in an interview with Time magazine and then quickly distanced himself from the proposal to raise the marginal tax rate for people earning more than 1 million dollars per year.
But the president’s warm embrace of “the concept” of raising taxes on millionaires is causing an uproar among traditional conservatives and business groups even while some Trump allies on Capitol Hill say they’re open to it as long as Trump is on board.
Grover Norquist, president of Americans for Tax Reform, a prominent conservative leader, said Senate and House Republicans have been telling Trump “this is a really bad idea.”
“This idea is dead,” he declared. “It ain’t happening.”
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