Trump OKs Tiny Tax Hike on Rich Amid GOP Bill Debate

President Donald Trump has signaled a notable shift by stating he would be okay with Republicans raising taxes on the wealthy, despite previously opposing such measures. Trump expressed on social media that while Republicans should 'probably not do it,' he would accept a 'tiny' tax increase on the rich if it helps lower and middle-income workers, acknowledging the political risks involved given Democratic opposition and historical backlash associated with tax hikes. This stance comes amid ongoing GOP deliberations on a comprehensive tax and spending package, dubbed the 'big, beautiful bill,' with reports indicating Trump has even pressured House Speaker Mike Johnson to consider raising the top tax rate and closing loopholes. However, some Republican leaders, including Johnson, maintain a commitment to tax cuts for all and resist increasing rates on high earners. The White House is reportedly proposing allowing the top marginal tax rate to rise from 37 percent to 39.6 percent for the wealthiest Americans while extending other parts of the 2017 tax cuts. Trump's openness to a tax increase on the rich underscores the internal GOP struggle to balance fiscal priorities and political realities as they craft their legislative agenda.