{"id":2432877,"date":"2025-05-09T11:49:01","date_gmt":"2025-05-09T15:49:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-sends-mixed-signals-on-new-tax-for-millionaires-should-probably-not-do-it-washington-examiner\/"},"modified":"2025-05-09T11:50:15","modified_gmt":"2025-05-09T15:50:15","slug":"trump-sends-mixed-signals-on-new-tax-for-millionaires-should-probably-not-do-it-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-sends-mixed-signals-on-new-tax-for-millionaires-should-probably-not-do-it-washington-examiner\/","title":{"rendered":"Trump sends mixed signals on new tax for millionaires: \u2018Should probably not do it\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\">34<\/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-sends-mixed-signals-on-new-tax-for-millionaires-should-probably-not-do-it-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=2432877&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>The article discusses President Donald Trump&#8217;s mixed signals regarding a proposed tax increase for high-income earners. Trump posted on Truth Social that Republicans &#8220;should probably not do it&#8221; after suggesting to Speaker Mike Johnson the creation of a new tax bracket for individuals earning over $2.5 million, which woudl raise the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tax-hike-in-new-proposal-only-for-couples-making-more-than-509000-white-house\/\" title=\"... Hike in New Proposal Only for Couples Making More Than 9,000: White House\">top tax rate<\/a> from 37% to 39.6%. He expressed concern that even a small tax increase could be detrimental politically, referencing George H.W.Bush&#8217;s broken &#8220;no new taxes&#8221; pledge, which negatively impacted Bush&#8217;s 1992 election campaign. This proposal marks a shift from conventional GOP tax orthodoxy, as it suggests a way to fund other tax initiatives that Trump supports. However, Speaker Johnson indicated he is not in favor of raising taxes on the wealthy, reflecting a common Republican belief that lower taxes foster investment. The article highlights the potential political ramifications of raising taxes and the complexities of Trump&#8217;s position on tax policy.  <\/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 sends mixed signals on new tax for millionaires: &lsquo;Should probably not do it&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_2115934\" 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\">Donald Trump<\/a> is giving Congress conflicting messages on whether he wants a <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/taxes\/\" target=\"_blank\" rel=\"noopener\" title=\"Donald Trump\">tax<\/a> hike on high-income earners to help pay for his legislative agenda, posting on Truth Social Friday that Republicans &ldquo;should probably not do it.&rdquo;<\/p>\n<p>One day earlier, the president <a href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/3406025\/trump-asks-speaker-johnson-look-increasing-tax-rates-millionaires\/\" target=\"_blank\" rel=\"noopener\" title=\"\">asked<\/a> Speaker <a href=\"http:\/\/washingtonexaminer.com\/tag\/mike-johnson\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mike Johnson<\/a>&nbsp;(R-LA) to consider a new tax bracket for those making more than $2.5 million, raising the top rate from 37% to 39.6%.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3406586\/trump-administration-taking-action-combat-trump-chinese-vapes-attack\/\">Trump administration taking action on &#8216;port shopping&#8217; to combat Chinese vape &#8216;attack&#8217;<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3406453\/trump-floats-80-percent-tariff-china\/\">Trump floats 80% tariff rate on China, down from 145%<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3405168\/prisons-reopening-trump-administration-immigration-deportation-efforts\/\">Trump moves to reopen prisons and <a href=\"https:\/\/amzn.to\/3YuVZYV\" >shuttered immigrant detention facilities<\/a> for ICE<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>&ldquo;The problem with even a &lsquo;TINY&rsquo; tax increase for the RICH, which I and all others would graciously accept in order to help the lower and middle income workers, is that the Radical Left Democrat Lunatics would go around screaming, &lsquo;Read my lips,&rsquo; the fabled Quote by George Bush the Elder that is said to have cost him the Election,&rdquo; Trump posted.<\/p>\n<p>&ldquo;NO, <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3188551\/bill-clinton-nafta-law-sink-kamala-harris\/\" target=\"_blank\" rel=\"noopener\" title=\"Ross Perot\">Ross Perot<\/a> cost him the Election!&rdquo; he added. &ldquo;In any event, Republicans should probably not do it, but I&rsquo;m OK if they do!!!&rdquo;<\/p>\n<p>    <iframe src=\"https:\/\/truthsocial.com\/@realDonaldTrump\/114477701321152097\/embed\" class=\"truthsocial-embed\" style=\"max-width: 100%; border: 0\" width=\"600\" allowfullscreen=\"allowfullscreen\"><\/iframe><script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script src=\"https:\/\/truthsocial.com\/embed.js\" async=\"async\"><\/script>    <\/p>\n<p>The White House proposal to create a new tax bracket would upend decades of<a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3367448\/new-right-movement-trump-republican-party-conservatives\/\" target=\"_blank\" rel=\"noopener\" title=\" GOP orthodoxy\"> GOP orthodoxy<\/a> but could also help fund other tax carve-outs Trump wants, such as exemptions for tips, overtime, and Social Security benefits.<\/p>\n<p>Those proposals were central to his working-class pitch on the campaign trail last year, but tax writers approved a budget framework that essentially caps the cost of their legislation at $4.5 trillion, giving Republicans little wiggle room to incorporate his priorities.<\/p>\n<p>&ldquo;This will help pay for massive middle- and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-turns-to-tax-giveaways-to-counter-harris-working-class-pitch-washington-examiner\/\" title=\"Trump turns to ... giveaways to counter Harris ... - Washington Examiner\">working-class tax cuts<\/a> and protect Medicaid,&rdquo; a source told the <em>Washington Examiner<\/em>.<\/p>\n<p>Extending the 2017 Tax Cuts and Jobs Act is part of the GOP&rsquo;s &ldquo;one big, beautiful bill,&rdquo; which is being crafted through a process called reconciliation that lets Republicans bypass the 60-vote filibuster in the Senate.<\/p>\n<p>This is not the first time Trump has given conflicting signals to Congress. He previously told a group of Senate Republicans he was <a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3374562\/trump-open-millionaire-tax-pay-second-term-agenda\/\" target=\"_blank\" rel=\"noopener\" title=\"\">open<\/a> to raising the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-biden-exploring-a-3-trillion-tax-hike-to-fund-infrastructure-climate-change-plan\/\" title=\"Report Biden \u2018Exploring\u2019 A  Trillion ... Hike To Fund Infrastructure, Climate Change Plan\">top marginal tax rate<\/a>. Then, on April 24, Trump said he thought raising taxes would be &ldquo;disruptive because a lot of the millionaires would leave the country.&rdquo;<\/p>\n<p>Johnson, for his part, has said he&rsquo;s &ldquo;not a big fan of&rdquo; raising taxes on the wealthy, reflecting an establishment GOP view that lower taxes encourage investment and that people, rather than the government, should decide how to spend their money.<\/p>\n<p>&ldquo;We&rsquo;re the Republican Party, and we&rsquo;re for tax reduction for everyone,&rdquo; he said at the time. &ldquo;So, I mean, that&rsquo;s a general principle that we always try to abide by.&rdquo;<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3405177\/trump-uk-trade-deal-explained\/\" target=\"_blank\" rel=\"noopener\" title=\"TRUMP'S UK TRADE DEAL EXPLAINED\">TRUMP&rsquo;S UK TRADE DEAL EXPLAINED<\/a><\/strong><\/p>\n<p>Trump&rsquo;s social media post seems to reflect another concern &mdash;&nbsp;that raising taxes, even on high-earners, could come back to haunt the GOP via Democratic attack ads in the midterm elections.<\/p>\n<p>His post references a promise President George H.W. Bush made in 1988 &mdash; &ldquo;Read my lips: No new taxes&rdquo; &mdash; a pledge he could not keep that contributed to his loss in the 1992 election.<\/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_2115934\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2115934\"}});<\/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 sends mixed signals on millionaire tax: &#8216;Probably not<\/p>\n","protected":false},"author":2635,"featured_media":2432878,"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\/05\/Donald-Trump-tax-the-rich.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[53098,45956,38341,3634,32076],"class_list":["post-2432877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-millionaires-2","tag-mixed-signals","tag-tax-policy","tag-trump","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/05\/Donald-Trump-tax-the-rich.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2432877","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\/2635"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2432877"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2432877\/revisions"}],"predecessor-version":[{"id":2432881,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2432877\/revisions\/2432881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2432878"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2432877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2432877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2432877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}