The Damage Report
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Trump Cover Story COLLAPSES As Shattering Tax Plan Truth Crashes Down
Posted
May 9, 2025
Views
53,963
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May 9, 2025
53,963
3,380
187
6.61%
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10:54Now PlayingDonald Trump's insane cover story over pushing Republican House Speaker Mike Johnson and the GOP to raise taxes on the rich collapses through his own Truth Social rant and through reports revealing the potential tax hikes Trump is trying to spin would only 2%, which would be a weaker version of the tax rates that were once in place before he was president. John Iadarola and Brett Erlich break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Trump backs tax hike on rich, but says GOP ‘should probably not do it’
"President Donald Trump on Friday tepidly backed the idea of raising taxes on the richest Americans, while openly wrestling with the politics of such a move and suggesting that his fellow Republicans should “probably” oppose it.
Trump’s public deliberation on social media came after he reached out to House Speaker Mike Johnson, R-La., about adding a tax hike on the highest earners to the major tax and spending bill that the GOP aims to pass this year.
It’s the latest signal that Trump — whose agenda leans heavily on what he calls the “one, big, beautiful bill” passing through a divided Congress — is willing to buck the traditional Republican orthodoxy on taxing the rich.
Trump in the Truth Social post Friday morning said he “and all others” would “graciously” accept “even a ‘TINY’ tax increase for the RICH” for the benefit of “lower and middle income workers.”"
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