{"id":2426694,"date":"2025-04-23T20:04:02","date_gmt":"2025-04-24T00:04:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-shows-opposition-to-millionaire-tax-disruptive-washington-examiner\/"},"modified":"2025-04-23T20:05:43","modified_gmt":"2025-04-24T00:05:43","slug":"trump-shows-opposition-to-millionaire-tax-disruptive-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-shows-opposition-to-millionaire-tax-disruptive-washington-examiner\/","title":{"rendered":"Trump shows opposition to millionaire tax: \u2018Disruptive\u2019 &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/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-shows-opposition-to-millionaire-tax-disruptive-washington-examiner%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=2426694&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>In the Oval Office, President Donald Trump expressed his opposition to a proposed millionaire tax, arguing that such a tax would be &#8220;disruptive&#8221; to the U.S. economy. He highlighted concerns that high earners might leave the country in response to increased taxation, noting that <a href=\"https:\/\/amzn.to\/3YuVZYV\">modern transportation makes<\/a> it easier for them to relocate abroad. This statement suggests a shift in his stance,as he had earlier appeared open to discussions about raising the marginal tax rate back to 39.6%, a level it was at before the 2017 tax cuts he enacted. Trump&#8217;s comments reflect a divergence among Republican leaders regarding how to tax millionaires, with some advocating for a higher tax while others oppose it. Additionally, Trump is pursuing a &#8220;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/american-express-sees-mixed-signals-in-economy-but-consumer-spending-still-strong\/\" title=\"American Express Sees \u2018Mixed Signals\u2019 in Economy but Consumer Spending Still Strong\">gold card<\/a>&#8221; program aimed at attracting wealthy foreigners to the U.S. by offering them a pathway to citizenship.  <\/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\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump shows opposition to millionaire tax: &lsquo;Disruptive&rsquo;<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2102057\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Donald Trump<\/a> said levying an <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/taxes\/\" target=\"_blank\" rel=\"noopener\" title=\"\">additional tax<\/a> on millionaires would be &ldquo;disruptive&rdquo; to the U.S. <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/economy\/\" target=\"_blank\" rel=\"noreferrer noopener\">economy<\/a>.<\/p>\n<p>&ldquo;I think it would be very disruptive because a lot of the millionaires would leave the country,&rdquo; Trump said from the Oval Office on Wednesday. &ldquo;In the old days, they left the states. They go from one state to the other. Now, with transportation so quick and so easy, they leave countries. You lose a lot of money if you do that.&rdquo;<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3389639\/michelle-obama-why-skipped-trump-inauguration\/\">Michelle Obama reveals why she skipped Trump inauguration<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3389586\/trump-new-reciprocal-tariff-rates-announced-2-3-weeks\/\">Trump says new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-countries-are-responding-to-trumps-liberation-day-tariffs\/\" title=\"How countries are responding to ...s &#039;Liberation Day&#039; tariffs\">reciprocal tariff rates<\/a> to be announced over next 2-3 weeks<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3389554\/doge-capable-people-musk-leave-joe-concha\/\">DOGE is with &#8216;capable people&#8217; should Musk leave: Joe Concha<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Trump says he doesn&#8217;t support a millionaire tax because millionaires would leave the country <a href=\"https:\/\/t.co\/bUSIcb5fgB\">pic.twitter.com\/bUSIcb5fgB<\/a><\/p>\n<p>&mdash; Aaron Rupar (@atrupar) <a href=\"https:\/\/twitter.com\/atrupar\/status\/1915165266993991776?ref_src=twsrc%5Etfw\">April 23, 2025<\/a><\/p><\/blockquote>\n<p><script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>Trump&rsquo;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/irs-record-tax-collection-565135000000-in-first-two-months-of-fy-2022\/\" title=\"IRS Record ... Collection: 5,135,000,000 in First Two Months of FY 2022\">statement reveals<\/a> he may no longer be receptive to returning the marginal tax to 39.6%, where it was before he signed his 2017 tax cuts into law. Earlier this month, Trump <a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3374562\/trump-open-millionaire-tax-pay-second-term-agenda\/\" target=\"_blank\" rel=\"noopener\" title=\"\">sat with Senate Budget Committee Republicans<\/a>, duirng which the tax hike was discussed.&nbsp;But with his new comments, his apparent openness to a new tax on millionaires appears to have faded.<\/p>\n<p><span style=\"background-color: rgba(0, 0, 0, 0.2);\"><b><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3330297\/trump-proposes-gold-card-road-citizenship-wealthy-foreigners\/\" target=\"_blank\" rel=\"noopener\" title=\"\">TRUMP PROPOSES SELLING $5 MILLION &lsquo;GOLD CARD&rsquo; AS &lsquo;ROAD TO CITIZENSHIP&rsquo;<\/a><\/b><\/span><\/p>\n<p>Cabinet members, advisers, and congressional Republicans have had differing approaches about putting millionaires in a higher tax bracket. Vice President JD Vance and Office of Management and Budget Director Russell Vought have <a href=\"https:\/\/www.washingtonpost.com\/business\/2025\/04\/22\/trump-millionaire-tax-rich-gop-vance\/\" target=\"_blank\" rel=\"noopener\" title=\"\">reportedly<\/a> shown support for the higher tax on millionaires, while House Speaker Mike Johnson (R-LA) and Sen. Ted Cruz (R-TX) have expressed objections.<\/p>\n<p>As Trump has raised concerns of losing millionaires through a tax hike, he is looking to entice new millionaires from overseas to come into the United States through his $5 million<a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3330297\/trump-proposes-gold-card-road-citizenship-wealthy-foreigners\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> &ldquo;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/anybody-unhappy-with-elon-trump-tries-to-defuse-musk-tensions-washington-examiner\/\" title=\"&#039;Anybody unhappy with Elon?&#039;: Trump tries to defuse Musk tensions - Washington Examiner\">gold card&#038;rdquo<\/a>; program<\/a>, which would be a pathway to citizenship for wealthy immigrants.<\/p>\n<\/div>\n<p> <script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2102057\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2102057\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump opposes millionaire tax, calling it &#8220;disruptive&#8221; to the economy<\/p>\n","protected":false},"author":2542,"featured_media":2426695,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/04\/AP25113802251605.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[22232,53968,3760,5894,3634],"class_list":["post-2426694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-disruptive","tag-millionaire-tax","tag-opposition","tag-politics","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/04\/AP25113802251605.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2426694","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\/2542"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2426694"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2426694\/revisions"}],"predecessor-version":[{"id":2426698,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2426694\/revisions\/2426698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2426695"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2426694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2426694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2426694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}