Why is Trump considering raising taxes on millionaires? | Alex Bronzini-Vender
theguardian.comPublished: 5/8/2025
Summary
Donald Trump's proposal to raise taxes on individuals earning over $1 million has sparked fierce opposition among Republican leaders, who fear it could damage credibility and strain party unity. Backed by conservative groups like American Compass and key cabinet members, the plan faces growing criticism for potentially clashing with Trump’s 2017 tax cuts that expanded benefits for millions. Critics argue that this shift could deepen divisions within the GOP, as the wealthy class might resist it while working-class supporters of conservative policies increasingly oppose it.