House Speaker Mike Johnson has expressed strong opposition to increasing taxes on the wealthy, advocating instead for alternative funding methods to support Trump’s ambitious agenda. Despite Trump’s openness to a tax hike for the rich, Johnson maintains that the Republican Party is committed to tax reductions for all. As Republicans strive to finalize a $6.75 trillion budget including tax cuts and increased defense spending, they face significant challenges, particularly in balancing fiscal responsibilities without deep cuts to essential programs like Medicare and Medicaid.
“I’m not a big fan of doing that,” Johnson told Fox News’ “Sunday Morning Futures” when asked about ratcheting up taxes on the rich. “We’re the Republican Party and we’re for tax reduction for everyone.”
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