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News in English (USA) / 24.04.2025 / 18:00

Trump Rejects Proposal for Higher Taxes on Millionaires Amid GOP Discussions

Donald Trump has firmly dismissed ideas of raising taxes on millionaires, expressing concerns that such measures could lead to a mass exodus of wealthy individuals from the United States. Despite discussions within the GOP regarding a possible millionaire tax hike to tackle economic inequality and fund new initiatives, Trump’s administration remains wary of implementing significant tax increases on the richest Americans. Reports indicate that Trump’s inner circle has considered a push for higher taxes, but the former president and key allies warn that it could be disruptive and detrimental to his support base. The ongoing debate reflects a growing tension within the Republican Party, balancing its populist sentiments against potential economic repercussions.
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