All posts tagged "Tax Hike"

Rep. Carlos Giménez (R-FL) said he doubted the "accuracy" of a CNN anchor's reporting about a possible tax hike for the wealthy as part of President Donald Trump's 'big, beautiful' spending bill.

"A source I spoke to confirmed that President Trump raised the idea of higher taxes for the wealthy during a phone call with House Speaker Mike Johnson earlier this week," Brown began. "And in a new social media post this morning, the president suggested that he's open to the idea, but acknowledged the political risk that it would pose to Republican lawmakers."

Brown said Trump wants a "top income bracket for people making more than $2.5 million per year for taxes" and "wants to tax income above that level at 39.6%." ...

A leading Republican lawmaker in Michigan was hit back hard on Tuesday after he attempted to blame Democrats in power for a tax hike that was passed by Republican predecessors.

State Representative Matt Hall, state representative for Michigan's 42nd District, posted for his followers a local news article which states that "Michigan’s income tax cut won’t be permanent in 2024."

"Lansing Democrats are raising your income taxes on New Year's Day to pay for their wasteful spending," Hall wrote. "You deserve relief from the high costs of living — not higher taxes."...