In a recent interview, President Trump expressed his willingness to pay more taxes, noting that raising taxes on wealthy individuals could benefit the middle class. However, he hesitated due to political ramifications he observed during past administrations. Following his initial comments, Trump quickly pivoted, stating that raising taxes on millionaires could lead to their exodus from the U.S., resulting in substantial financial losses for the country. He highlighted his concerns about the potential negative impacts of tax increases on the wealthy and the economy, showcasing a conflict between personal belief and political strategy.
According to Time, Trump made his comments on Tuesday. A day later, it appeared the president had drastically changed his tune on the subject.
Trump said the US would "lose a lot of money" if it raised taxes on millionaires. "And other countries that have done it have lost a lot of people," he said.
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