Former VP Pence urges President Trump against raising taxes on wealthy Americans
Former Vice President Mike Pence has a message for his old boss, President Donald Trump. Pence is urging Trump not to raise the tax rate on wealthy Americans as part of the budget reconciliation package. Trump’s signature domestic achievement, the 2017 Tax Cuts and Jobs Act, is set to expire this year if not extended by Congress.
Recently, Trump has been pushing for some tax increases on the wealthiest Americans, including raising the top margin rate on individuals making $2.5 million or more. However, Pence, a fiscal conservative and budget hawk, strongly opposes this idea. He believes that raising taxes on the highest earners would be detrimental to small business owners across America.
In an exclusive interview with Fox News Digital, Pence expressed his concerns about the potential tax increases. He argued that the majority of people filing taxes of a million dollars are small business owners who reinvest their earnings back into their companies. Pence believes that raising the top margin rate would hinder the growth of small businesses and the economy.
Pence, who was recently honored by the Kennedy family with the Profiles in Courage award, praised Trump for his achievements but also voiced his concerns about straying from conservative principles. He emphasized the importance of making all the Trump-Pence tax cuts permanent to support economic growth in the future.
As a voice for traditional moral values and limited government, Pence is committed to advocating for policies that align with conservative values. He believes that sticking to time-honored principles such as strong defense, American leadership, lower taxes, and the right to life is crucial for the prosperity and success of the country.
In conclusion, Pence’s message to Trump is clear: to prioritize conservative values and policies that will benefit small businesses and the economy. By staying true to these principles, Pence believes that the country can achieve long-term success and prosperity.
