President Donald Trump said that a higher tax rate to Millionaires would boost the richest in the country to leave the United States, minimizing an idea that is being discussed in some republican circles as a way of paying an economic package.
“I think that It would be very harmful Because the millionaires would leave the country, ”Trump told the press in the Oval Office, this Wednesday, April 23.“ Other countries that have done so have lost many people. They lose their rich. That will be bad because the rich pay taxes”.
It is likely that Trump’s statements tarnish conversations about the creation of a new tax section of 40 percent for those who earn a million dollars or more. Some party members, both in the House of Representatives and in the Senate, have been open to increase taxes to those who earn the most To finance other points of the Trump agenda, such as the elimination of taxes on tips and overtime.
The president of the House of Representatives, Mike Johnson, said Wednesday that he does not “expect” that a Republican fiscal bill demands to increase the income tax rates of the millionaires.
“We have been working against that idea. I’m not in favor of raising taxes. Our party is traditionally opposed to that,” Johnson said in an interview in Fox News on Wednesday.
Those who defend this idea see it as a form of deactivate Democratic attacks Before the intermediate elections, which argue that the party is cutting services to the poor to finance tax cuts to the rich. However, the anti -imposed establishment of the Republican Party has been mobilizing against the threat to decades of party orthodoxy.
Trump and Johnson’s comments on a possible new tax category for millionaires occur in the midst of a growing negative reaction of some Republicans. The former Republican President of the House of Representatives, Newt Giningrich, published Tuesday in X that he received a Trump message that suggested that raising taxes could harm Republicans at the polls.
Legislators will return to Washington next week, where the details of a fiscal package that Johnson said he plans to approve at the end of May will begin to discuss.
A 40 percent tax rate over revenues greater than one million dollars would generate around 400 billion dollars in income During the next decade, according to some estimates. This would be enough to add about $ 500 a year to the tax credit per child.
The maximum tax rate is now 37 percent, but will return to 39.6 percent if Trump’s first mandate tax cuts expire as planned at the end of 2025.
