RINOs were seeking to implement a millionaire’s tax. Fortunately, President Trump nixed it. It’s so Maduro-like. RINOs are Democrats-lite.
President Trump all but rejected a proposal floating around among congressional Republicans to jack up taxes on millionaires to pay for his “big, beautiful” agenda package.
Over recent weeks, some Republicans have floated the possibility of establishing a 40% tax rate on taxpayer earnings exceeding $1 million per year. Currently, the top tax rate is 37% for annual income over $609,351.
“I think it would be very disruptive because a lot of the millionaires would leave the country,” Trump, 78, told reporters in the Oval Office on Wednesday.
“In the old days, they left states. They’d go from one state to the other. Now, with transportation so quick and so easy, they leave countries. You’d lose a lot of money if you do that.”
Bingo. Trump slapped down this idiotic, RINO proposal. https://t.co/mmUQr0RJFj
— Dana Loesch (@DLoesch) April 24, 2025
Flat tax of 8% with no exemptions. Or, eliminate all direct taxation of citizens by the federal government. Let it assess each state taxes and let the states determine how to raise the money. Easier to storm the state house than to gather tons of people to D.C.
Taxation of the citizenry is a lazy fools game. It reminds me of that song “I’d Love To Change The World” it goes like, I’d love to change the world but I don’t know what to do…. So they tax the rich to feed the poor till there ain’t no rich no more. Somehow it doesn’t seem like the answer.… Read more »
Fiscal conservatism. A belief in personal responsibility for finances. Scaling back taxation to allow greater control over individual incomes. Conservative thinking promotes cutbacks in public spending enabling tax breaks to be given to those that are earning, and believes in helping those out of work back into self sufficiency.
Board is Dead, a Stupid Echo Chamber!
No welfare for millionaires.
It’s totally ridiculous. The RINOs supported far leftist spending bills without any concern for debt, but now with Trump as president they want to raise taxes.
My hunch is the GOP deliberately loses the house next time, the senate seems safe though.
While he’s not Ryan or McCarthy, Johnson is a pansy non leader so I’ve felt the same way about the House. But Thune seems to be a do nothing leader so I don’t agree the Senate is safe.