Well I never expected eliminating tax breaks for the super rich to be part of the plan . I'll believe it when I see it but it would be good for the country.
https://www.axios.com/2025/03/28/trump-taxes-wealthy
By the numbers: Currently the top income tax rate is 37%, charged on income above $609,351 for an individual or $731,201 for a married couple.
If the 2017 law were allowed to expire, that would jump to the pre-2018 rate of 39.6%, and lower the threshold above which the top rate applies.
Around 1% of taxpayers are in that top bracket, though they pay a disproportionate share of income taxes.
Under the budget reconciliation rules that Republicans seek to use to extend the tax cuts, that would free up more revenue that could be used to fulfill some of Trump's populist promises, such as eliminating taxes on tips.
Zoom out: It would aim to flip the script on Democrats, whose messaging focuses on Republicans potentially slashing Medicaid and enlarging the deficit in order to fund tax cuts for the super-rich.
"If we renew tax cuts for the rich paid for by throwing people off Medicaid, we're gonna get !@#$ slaughtered," the White House official said.
As the GOP under Trump becomes more of the party of working-class voters, the political risks of raising rich people's taxes are relatively small, compared to the payoff of cutting taxes on tips in the growing service-sector economy.
A majority of Americans, including a plurality of Republicans, support raising taxes on wealthier individuals, polls have shown.