Trump Backs Tax Hikes as 'Good Politics' Amid GOP Criticism of 2017 Cuts
President Trump has dismissed critics within his own party who are considering raising taxes on the wealthy as 'bad politics' and instead believes that such tax increases would be beneficial for Republicans in the long run.
President Donald Trump has defended raising taxes on high-income earners as 'good politics,' amid criticism from some Republican lawmakers who are exploring ways to extend his 2017 tax cuts. Trump dismissed concerns that targeting the wealthy would hurt economic growth and instead argued that it would be a more popular move with voters. The President's comments come as Republicans grapple with finding ways to sustain their tax cuts, which are set to expire in 2025. Some lawmakers have suggested targeting tax breaks for corporations rather than individuals in an effort to extend the tax cuts.
