{"id":2417513,"date":"2025-03-29T16:02:01","date_gmt":"2025-03-29T20:02:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-about-to-flip-the-script-on-democrats-by-raising-taxes-on-richest-americans-report\/"},"modified":"2025-03-29T16:04:22","modified_gmt":"2025-03-29T20:04:22","slug":"trump-about-to-flip-the-script-on-democrats-by-raising-taxes-on-richest-americans-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-about-to-flip-the-script-on-democrats-by-raising-taxes-on-richest-americans-report\/","title":{"rendered":"Trump About to Flip the Script on Democrats by Raising Taxes on Richest Americans: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-about-to-flip-the-script-on-democrats-by-raising-taxes-on-richest-americans-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2417513&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/devastating-market-explosion-that-zelenskyy-blamed-on-russia-was-actually-caused-by-ukraine-new-evidence-indicates\/\" title=\"New evidence suggests Ukraine, not Russia, caused the market explosion blamed by Zelenskyy.\">recent report suggests<\/a> a surprising collaboration in tax policy between President Donald Trump, known for his tax-cutting stance, and Senator Bernie Sanders, who advocates for higher taxes. The report indicates that the Trump management is considering increasing taxes on the wealthiest Americans to offset the loss in tax revenue that would result from Trump&#8217;s promise to eliminate taxes on tips, overtime, and Social Security benefits to help Americans struggling with inflation. <\/p>\n<p>During his campaign, Trump emphasized the importance of protecting tip income for over 4 million workers, particularly in the resturant industry. The <a href=\"https:\/\/amzn.to\/3YuVZYV\">report highlights potential economic consequences<\/a> of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-hopes-fade-for-year-end-spending-bill-running-out-of-time-washington-examiner\/\" title=\"Senate hopes fade for year-end spending bill: \u2018Running out of time\u2019 - Washington Examiner\">extending tax cuts<\/a> for the wealthy while cutting government spending, warning that such actions could lead to important political backlash. Treasury Secretary Scott Bessent has voiced strong opposition to allowing any tax cuts to expire, claiming it could lead to an economic crisis.<\/p>\n<p>Additionally, Trump&#8217;s previous tax reforms, which lowered the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-the-democrats-new-tax-hike-will-impact-your-wallet\/\" title=\"How The Democrats\u2019 New ... Hike Will Impact Your Wallet\">top income tax rate<\/a>, remain a contentious topic, with concerns about how to finance new tax policies without adversely impacting Medicaid and other essential services.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>Imagine tax-cutting President Donald Trump and tax-hiking Sen. Bernie Sanders of Vermont strolling arm-in-arm through the Washington fields of tax policy.<\/p>\n<p>A new report says that unlikely scenario could come about as the Trump administration looks for ways to avoid a hole in tax revenue once Trump keeps his campaign promise to cut taxes on tips.<\/p>\n<p>The report from <a href=\"https:\/\/www.axios.com\/2025\/03\/28\/trump-taxes-wealthy\" target=\"_blank\" rel=\"noopener\">Axios<\/a>, which cites a White House source it did not name, frames the concept of Trump allowing <a href=\"https:\/\/www.westernjournal.com\/trump-just-agreed-waive-taxes-people-making-less-150k-catch\/\" target=\"_blank\" rel=\"noopener\">taxes<\/a> on the richest Americans to increase as part of a wide-ranging discussion within the White House.<\/p>\n<p>During the campaign, Trump repeatedly said he wants to cut taxes on <a href=\"https:\/\/www.westernjournal.com\/breaking-commerce-secretary-reveals-trump-planning-end-tax-middle-class\/\" target=\"_blank\" rel=\"noopener\">tips<\/a>, and doubled down on that in his recent address to a joint session of Congress.<\/p>\n<p>&ldquo;And to get urgently needed relief to Americans hit especially hard by inflation, I&rsquo;m calling for no tax on tips, no tax on overtime, and no tax on Social Security benefits for our great seniors,&rdquo; Trump said then, according to the <a href=\"https:\/\/www.whitehouse.gov\/remarks\/2025\/03\/remarks-by-president-trump-in-joint-address-to-congress\/\" target=\"_blank\" rel=\"noopener\">White House<\/a>.<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadScript(src) { \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=src; \t\t\t\t\t\tscript.async=true; \t\t\t\t\t\tdocument.body.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return;  \t\t\t\t\t\tconst observer=new IntersectionObserver( \t\t\t\t\t\t\t(entries)=> { \t\t\t\t\t\t\t\tentries.forEach(entry=> { \t\t\t\t\t\t\t\t\tif (entry.isIntersecting) { \t\t\t\t\t\t\t\t\t\tconsole.log(\"Paragraph is now visible:\", entry.target.textContent.trim()); \t\t\t\t\t\t\t\t\t\tloadScript(\"https:\/\/embed.sendtonews.com\/player3\/embedcode.js?fk=s28Az7AY\"); \t\t\t\t\t\t\t\t\t\tobserver.disconnect(); \t\t\t\t\t\t\t\t\t} \t\t\t\t\t\t\t\t}); \t\t\t\t\t\t\t}, \t\t\t\t\t\t\t{ threshold: 0.5 } \/\/ Adjust threshold as needed \t\t\t\t\t\t);  \t\t\t\t\t\tobserver.observe(element); \t\t\t\t\t}  \t\t\t\t\t\/\/ Find the 1st paragraph before #stnvideo and observe it \t\t\t\t\tlet paragraphToObserve=findPreviousParagraph(\"#stnvideo\", 2); \t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<p>To make those promises a reality, Axios said that Trump might increase taxes on the richest Americans.<\/p>\n<p>The 2017 <a href=\"https:\/\/www.westernjournal.com\/harvard-us-treasury-economists-forced-admit-trump-tax-cuts-worked-advertised\/\" target=\"_blank\" rel=\"noopener\">Trump tax cuts<\/a> cut the top rate from 39.6 percent to 37 percent. That rate is charged on individuals who report at least $609,351 in income or couples with income of $731,201.<\/p>\n<p>About 1 percent of taxpayers pay the top rate, although their tax payments are more than 1 percent of tax revenue.<\/p>\n<p>The political equation of cutting government while keeping the tax cut concerns some insiders.<\/p>\n<p>&ldquo;If we renew tax cuts for the rich paid for by throwing people off Medicaid, we&rsquo;re gonna get f&ndash;king slaughtered,&rdquo; the White House official Axios did not name said.<\/p>\n<p>The philosophical concept of letting any part of the tax cuts expire has drawn public opposition from Treasury Secretary Scott Bessent, according to the <a href=\"https:\/\/nypost.com\/2025\/03\/28\/us-news\/white-house-weighing-tax-hikes-for-the-rich-to-pay-for-trumps-no-tax-on-tips-promise-report\/\" target=\"_blank\" rel=\"noopener\">New York Post<\/a>.<\/p>\n<p>&ldquo;This is the single most important economic issue of the day,&rdquo; Bessent said during his January confirmation hearing.<\/p>\n<p>He said ending the cuts would create &ldquo;economic calamity and result in a &ldquo;crushing $4 trillion tax hike.&rdquo;<\/p>\n<p>In a January speech in Nevada, Trump explained why taxes on tips need to be halted, according to a <a href=\"https:\/\/www.whitehouse.gov\/remarks\/2025\/01\/remarks-by-president-trump-on-the-economy-in-las-vegas-nv\/\" target=\"_blank\" rel=\"noopener\">White House<\/a> transcript of his comments.<\/p>\n<p>&ldquo;Nationwide, over 4 million workers depend on tip income, including an estimated 700,000 single moms,&rdquo; Trump said.<\/p>\n<p>&ldquo;And here in Nevada, we will have a quarter &mdash; think of it, a quarter of the typical restaurant worker&rsquo;s pay comes from tips,&rdquo; Trump said.<\/p>\n<p>&ldquo;Many of these workers are some of the very citizens who were hit hard and very hard by the ravages of the Biden economy, which was inflation,&rdquo; he said.<\/p>\n<p>&ldquo;But under the Trump administration, the forgotten men and women of our country are going to be forgotten no longer,&rdquo; he said.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Envision a scenario where tax-cutting President Donald Trump and tax-increasing Senator Bernie Sanders from Vermont walk together through the landscape of tax policy in Washington. A recent report suggests that this improbable situation could arise as the Trump administration seeks solutions to prevent a deficit in tax revenue after fulfilling Trump&#8217;s campaign pledge to reduce taxes on tips. According to Axios, which cites an unnamed White House source, there is discussion within the administration about potentially raising taxes on wealthy Americans. During his campaign, Trump consistently advocated for cutting taxes on tips and reiterated this during his recent address to Congress, stating he aims to provide relief for Americans affected by inflation by eliminating taxes on tips, overtime pay, and Social Security benefits for seniors. To fulfill these promises, Axios indicates that Trump may consider increasing taxes on high earners. The 2017 tax cuts reduced the top rate from 39.6% to 37%, applicable to individuals earning over $609,351 or couples making over $731,201\u2014about 1% of taxpayers who contribute more than their share of total revenue. Some insiders express concern about balancing government cuts with maintaining these tax reductions; one unnamed official warned against renewing cuts for the wealthy at the expense of Medicaid recipients. Treasury Secretary Scott Bessent has publicly opposed allowing any part of these cuts to expire, calling it a critical economic issue that could lead to significant financial consequences if reversed. In January remarks in Nevada, Trump highlighted the importance of tip income for millions of workers and emphasized his commitment to supporting those impacted by economic challenges under Biden&#8217;s administration<\/p>\n","protected":false},"author":1,"featured_media":2417514,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/03\/Picture-2025-03-29T144216.856.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[3685,10964,3634,52473],"class_list":["post-2417513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-democrats","tag-taxes","tag-trump","tag-wealthy-americans"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/03\/Picture-2025-03-29T144216.856.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2417513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2417513"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2417513\/revisions"}],"predecessor-version":[{"id":2417517,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2417513\/revisions\/2417517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2417514"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2417513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2417513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2417513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}