Trump okay with raising taxes on the rich

Friday, May 09, 2025

WASHINGTON (Reuters) -U.S. President Donald Trump on Friday cautioned fellow Republican in Congress of the political consequences if they raise taxes on the wealthiest Americans, but added that he would be "OK" if they do increase to top tax rate.

Posted by ScottS at 11:30 AM | 14 COMMENTS | permalink | Comment on This Entry |

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Trump had privately urged U.S. House Speaker Mike Johnson to raise the tax rate, sources told Reuters on Thursday.

The Republican president suggested an increase to 39.6% from 37% for those earning $2.5 million and higher or joint filers earning $5 million, with carve-outs for small businesses, one source said.

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Trump to the public: *wink wink nudge nudge* "I'm very okay with it."
Trump to fellow Republicans: "These idiots will believe anything."
Republican Congress: "Well duh."
ScottS: "See! Trump cares about working people, not the rich!"

#1 | Posted by Sycophant at 2025-05-09 11:56 AM | Reply | Newsworthy 1

If it happens - and I believe that it will, it will be like spiking the football on the Democrat party. All the talking points will be officially over.

#2 | Posted by ScottS at 2025-05-09 12:00 PM | Reply

All the talking points will be officially over.

#2 | POSTED BY SCOTTS

So the reason to raise taxes on the wealthy is to own the libs?

Whatever floats your boat maga maroon.

If SPITE is what it takes to make Trumpy do the right things then SPITE it is. Like I told my obstinate son once:

"I don't care how you succeed in life, in spite of me or because of me. I would prefer the later but either will work.

#3 | Posted by donnerboy at 2025-05-09 12:12 PM | Reply

spiking the football on the Democrat party. All the talking points will be officially over.

On income over $5,000,000? Considering 2016 39.6% bracket began at $415,000. That's a joke. Like you.

#4 | Posted by Nixon at 2025-05-09 12:19 PM | Reply

@#2 ... it will be like spiking the football on the Democrat party ...

Nah, it would be Republicans admitting that Democrats have been correct all along about increasing taxes on the wealthy.

#5 | Posted by LampLighter at 2025-05-09 12:25 PM | Reply

Read My Lips:
More Taxes And Tariffs.

#6 | Posted by snoofy at 2025-05-09 12:29 PM | Reply

If it happens - and I believe that it will, it will be like spiking the football on the Democrat party. All the talking points will be officially over.

#2 | Posted by ScottS

Hardly, dumbf*&^.

First of all, there's still the capital gains tax, which is the primary means those folks earn income.

Then there's the fact that it's 2.5%. It's peanuts compared to the cuts that have happened in the past.

As usual, MAGA will fall for a hollow gesture because they don't understand what's actually happening.

#7 | Posted by jpw at 2025-05-09 12:39 PM | Reply

@#7 ... As usual, MAGA will fall for a hollow gesture because they don't understand what's actually happening. ...

If Pres Trump really wanted to raise taxes on the wealthy, the first thing he should do is allow his first term tax cuts to expire without adding more tax cuts for the wealthy.

#8 | Posted by LampLighter at 2025-05-09 01:24 PM | Reply | Newsworthy 1

Then there are things like IRA abuse by the wealthy ...

House Bill Would Blow Up the Massive IRAs of the Superwealthy (2021)
www.propublica.org

... The proposed reform stems from a ProPublica story that detailed how PayPal founder Peter Thiel had amassed $5 billion, tax-free, in a Roth IRA. If the bill passes, Roth accounts would be capped at $20 million for high-income individuals. ...

#9 | Posted by LampLighter at 2025-05-09 01:27 PM | Reply

"Trump backs tax hike on rich, but says GOP 'should probably not do it'
www.cnbc.com

Dithering Donnie.

drudge.com

He always has a fall guy set up to take the blame when his erratic pronouncements turn dark in the light of day.

This time it's Mikey Johnson.

#10 | Posted by Corky at 2025-05-09 01:33 PM | Reply

All the talking points will be officially over.

Yeah, except the one about Trump governing like a Clinton supporting Manhattan limousine liberal circa 1991.

#11 | Posted by lee_the_agent at 2025-05-09 01:44 PM | Reply

Trump on Friday cautioned fellow Republican in Congress of the political consequences if they raise taxes on the wealthiest Americans, but added that he would be "OK" if they do increase to top tax rate.

Pretty sure his threat of "consequences" outweighs whether or not he'd be "ok".

#12 | Posted by ClownShack at 2025-05-09 01:45 PM | Reply

Can we ban this ------- idiot Snotty Scotty AGAIN???

#13 | Posted by LegallyYourDead at 2025-05-10 03:17 AM | Reply

"Trump governing like a Clinton supporting Manhattan limousine liberal circa 1991.
#11 | Posted by lee_the_agent"

And this would be a bad thing why exactly? Because it shines a light how insane the Democrat party has become since 1991?

#14 | Posted by ScottS at 2025-05-10 04:17 AM | Reply