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Topic Title: DonOld rules out raising taxes millionaires Topic Summary: Created On: 04/24/2025 06:38 AM |
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- Pagerow | - 04/24/2025 06:38 AM |
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- johnnyboy | - 04/24/2025 07:08 AM |
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- Bamboo | - 04/24/2025 08:11 AM |
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- fishkller | - 04/24/2025 09:17 AM |
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- johnnyboy | - 04/25/2025 11:21 AM |
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 04/24/2025 06:38 AM
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Trump rejects idea of raising taxes on millionaires
Trump appeared to rule out a proposal to raise taxes on millionaires, arguing they would flee the country over the policy. "I think it would be very disruptive because a lot of millionaires would leave the country," Trump told reporters in the Oval Office on April 23. "You'll lose a lot of money if you do that." Trump allies such as Steve Bannon have supported raising taxes on the rich, but the president hadn't taken a position. Trump has suggested tariffs could potentially replace the income tax, even though economists warn that tariffs raise far less revenue and fall harder on lower-income households. Most Americans now express little or no confidence in how President Donald Trump is handling the economy, a Pew Research Center survey shows. Nearly six in 10 disapprove of the tariffs he has imposed, and their predictions about what's ahead in the economy have darkened. The stock market and dollar have each tumbled on Trump's tariff policies and insults about Jerome Powell, the head of the Federal Reserve. ------------------------- You can't spell "HATRED" without "RED HAT" |
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