Now Trump Says GOP ‘Probably’ Shouldn’t Tax The Rich, But Would Be ‘OK’ If They Do | ZeroHedge

On Thursday, Bloomberg reported that President Donald Trump has been urging GOP lawmakers to raise taxes on Americans making at least $2.5 million annually, or couples making $5 million. We waited for a denial, only to get some 'clarification' today.

In a Friday morning Truth Social post, Trump suggested that Republicans 'should probably not do it,' but "I'm OK if they do!!!"

Trump says that the problem with 'even a "TINY" tax increase for the RICH' is that 'Democrat Lunatics would go around screaming, "Read my lips," the fabled Quote by George Bush the Elder that is said to have cost him the election," – referring to then-candidate George H.W. Bush’s 1988 campaign promise not to raise taxes as president – which of course he did not keep, and was seen as a factor in his loss in the 1992 election.

Trump reportedly reached out to House Speaker Mike Johnson (R-LA) to push the tax, which would restore a 39.6% bracket to its pre-2017 level. The current top rate stands at 37%. The president also reiterated support for (more…)

Continue ReadingNow Trump Says GOP ‘Probably’ Shouldn’t Tax The Rich, But Would Be ‘OK’ If They Do | ZeroHedge