• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump pushes tax hikes for wealthy as ‘big, beautiful bill’ deadline looms

by May 9, 2025
written by May 9, 2025

House Republicans are trying to find the right cocktail of tax reductions and new revenue to pass President Donald Trump’s ‘big, beautiful bill’ by Memorial Day. 

No taxes on tips is politically popular and is a key campaign promise of the president, but a coalition of deficit hawks could block that if the GOP fails to find revenue to cover the gap. 

That is why the president pushed House Speaker Mike Johnson, R-La., this week to raise taxes on the super rich. 

Trump is considering allowing the rate on individuals making $2.5 million or more to increase by 2.6%, from 37% to 39.6%, Fox News Digital reported Thursday.

Such a move would resonate with working-class Americans who elected the president. However, many conservatives have signed pledges for years against raising any taxes. 

Trump wrote in a Truth Social post Friday morning, ‘The problem with even a ‘TINY’ 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, ‘Read my lips,’ the fabled Quote by George Bush the Elder that is said to have cost him the Election. NO, Ross Perot cost him the Election! In any event, Republicans should probably not do it, but I’m OK if they do!!!’

A deduction for state and local taxes (SALT) also remains unresolved as a group of Republican representatives from New York threaten to vote against the latest proposal. Meantime, a debate rages about health assistance.

House Budget Committee Chairman Jodey Arrington, R-Texas, accused Democrats of trying to ‘paralyze our conference’ and ‘frighten’ Republicans about Medicare and Medicaid cuts. Specifics are key.

‘Until we see what comes out of the committee, I don’t know what’s on and what’s off,’ said Freedom Caucus Chairman Andy Harris, R-Md.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
OpenAI’s Sam Altman thanks Sen John Fetterman for ‘normalizing hoodies’
next post
Vance says India-Pakistan conflict ‘none of our business’ as Trump offers US help

related articles

Vance visits church where Christians believe Jesus was...

October 23, 2025

New poll in key showdown for Virginia governor...

October 23, 2025

Americans could face airport chaos if Dems don’t...

October 23, 2025

Inside Trump’s ultimatum that forced Netanyahu to the...

October 23, 2025

Vance rebukes Israel on ‘very stupid’ vote to...

October 23, 2025

Top Republican slams Katherine Clark for admitting suffering...

October 23, 2025

Vance calls Psaki comments about wife Usha ‘disgraceful’

October 23, 2025

Trump yet to endorse in VA governor’s race...

October 23, 2025

DAVID MARCUS: Trump’s ballroom is no vanity project,...

October 23, 2025

Examining the next threat from Communist China: Our...

October 23, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Biden-Harris admin accused of ‘too little, too late’ to save the people of war-torn, famine-stricken Sudan

    October 14, 2024
  • Dogecoin and Shiba Inu stable as of this morning on support

    August 7, 2024
  • Trump expected to slam Harris on 3rd anniversary of deadly Afghanistan attack that killed 13 Americans

    August 26, 2024
  • Netanyahu’s meeting at White House up in the air as Biden recovers from COVID: report

    July 22, 2024
  • IRS to slash nearly 7K employees starting Thursday: reports

    February 20, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,506)
  • Investing (634)
  • Stock (941)

Latest Posts

  • NBA says Amazon will be its new media partner, rebuffing Warner Bros. Discovery

    July 25, 2024
  • Venezuela says fourth US citizen arrested in alleged plot to kill President Maduro

    September 18, 2024
  • Panama eliminates charge fees for US government vessels to use the canal

    February 6, 2025

Recent Posts

  • Melania Trump to release ‘Collector’s Edition’ of memoir featuring images photographed by former first lady

    October 16, 2024
  • Trump pardons nearly all Jan. 6 defendants on inauguration day

    January 21, 2025
  • New House Freedom Caucus chair reveals GOP rebel group’s next ‘big fight’

    September 18, 2024

Editor’s Pick

  • ‘It just baffles me’: Senate Republicans sound alarm over Medicaid changes, spending in Trump megabill

    June 17, 2025
  • DAVID MARCUS: As Springsteen and De Niro trash America abroad, Kennedy Center thrives

    May 16, 2025
  • In battle to define Harris, Trump hits Democratic coup, ad calls her ‘dangerously liberal’

    July 31, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock