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Trump says millionaire tax would be 'disruptive' and cause them to leave the country
Posted
April 24, 2025
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0:29Now PlayingPresident 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 had dangled the possibility of establishing a 40% rate on taxpayer earnings over $1 million a 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.
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