Donald Trump acknowledged a proposal within his cabinet to raise taxes on those earning over $1 million, expressing concern about negative political repercussions. He indicated that while the idea has merit for fiscal policy, it could be harmful politically due to media portrayal. The proposal, originating from the American Compass thinktank, aims to address national debt concerns. Key figures like Oren Cass and Steve Bannon view the shifting Republican base and advocate for breaking away from traditional anti-tax views to ensure responsible governance for future populist strategies.
I don't want it to be used against me politically, because I've seen people lose elections for less, especially with the fake news.
To extend Trump's 2017 tax cuts by simply adding $5tn to the American national debt would be, in Cass's words, pathetic, embarrassing, and outright cheating.
Steve Bannon...has long fretted about the contradiction between the Maga movement's populist posture and its upwardly redistributive governance.
This is a 1932-type realignment, if we do this right, Bannon told Semafor in December.
Collection
[
|
...
]