Trump vows no tax cut for the wealthy: 'If their taxes have to go higher, they'll go higher.'
President Donald Trump (AFP/File / Jim Watson)

President Donald Trump on Wednesday pledged that wealthy Americans would not get a tax cut as part of his plan to reform the tax system.

During a bipartisan meeting at the White House, Trump was asked whether the rich would benefit from the plan.

"The rich will not be gaining at all," he vowed. "We are looking for the middle class and we are looking for jobs."

"I think they will be pretty much where they are," Trump added. "If they have to go higher, they'll go higher."