House Speaker Mike Johnson is pouring cold water on the prospect of Republicans hiking taxes on the rich to help pay for President Trump’s “big, beautiful” agenda package.
Despite Trump previously telling Republicans that he is open to a tax increase for the wealthy, Johnson (R-La.) argued that he’d prefer to find payfors elsewhere and underscored that the GOP needs to hustle on finishing the Trump agenda bill due to bond market jitters.
“I’m not a big fan of doing that,” Johnson told Fox News’ “Sunday Morning Futures” when asked about ratcheting up taxes on the rich. “We’re the Republican Party and we’re for tax reduction for everyone. So, I mean, that’s a general Tax hikes on the rich have been floated as a means of making that math work. Hardliners such as Freedom Caucus Chairman Andy Harris (R-Md.) have expressed openness to it.
Privately, Trump had told Senate Republicans that he is open to jacking up taxes on high-income earners, Semafor reported.
Trump ally Steve Bannon insisted that Republicans will jack up taxes on the rich, telling “Real Time with Bill Maher” on Friday that “Trump and the MAGA movement will raise taxes on the wealthy.”
“People have different thoughts and theories on how we can find this perfect — solve this perfect equation to get all of this done,” Johnson added. “I would say, just stay tuned.”
House Majority Leader Steve Scalise (R-La.) had similarly cast doubt on soaking the rich, telling reporters, “We’re not looking for tax increases; We’re looking for locking in current rates so there is not a tax increase,” per CNBC.principle that we always try to abide by.”
Good. Idiots who support that have become democrats. Anyone who supports raising taxes to fund a big beautiful government agenda is absolutely a Republican. In name only