Trump Considers Tax Hike on Millionaires Amid GOP Debate

President Trump is reportedly considering raising taxes on Americans earning more than $1 million annually to help finance broader tax cuts, a move that has sparked debate within the Republican Party. While Trump has publicly warned that taxing millionaires could be disruptive by driving wealthy individuals out of the country, internal discussions suggest openness to new tax brackets or restoring the top rate to pre-2017 levels. Some Republicans, including members of the House Freedom Caucus, have expressed unexpected support for higher taxes on the ultra-rich to offset other tax reductions, such as exemptions for tips. However, the prospect of a tax hike has drawn criticism from conservative commentators and could challenge long-standing GOP principles. The proposals mirror progressive calls by Democrats like Alexandria Ocasio-Cortez and Bernie Sanders to tax the wealthy, though the specifics remain under active discussion among White House officials. The debate underscores a potential shift in GOP tax policy and has prompted strong reactions from both supporters and critics within the party.