Some Republicans are considering a new way to free up space in the budget—raising taxes on the wealthiest Americans.
The idea of raising taxes—which goes against long-held assumptions about the Republican Party’s fiscal policy—appears to be gaining some traction in both the White House and within GOP congressional leadership.
Axios first reported on this shift within the White House in March, quoting an anonymous source who said of the budget process, “If we renew tax cuts for the rich paid for by throwing people off Medicaid, we’re going to get f—king slaughtered.”
The article stated that some in the White House were considering the tax increases as a way to pay for eliminating taxes on tips, a major campaign promise of President Donald Trump.
The unconfirmed reporting appears to have been supported by a recent Semafor article, which claimed Trump…
