Trump House GOP ally on board with tax hike for the ultra-wealthy

In a surprising turn of events, Rep. Dan Meuser, a Republican from Pennsylvania, has come out in support of the Trump administration’s proposed tax hike for individuals earning more than $1 million. Meuser believes that this tax hike is necessary to help President Trump deliver on his promise of a tax and regulatory plan that supports American economic growth while promoting fiscal responsibility.

The White House has been quietly floating a proposal to House Republicans to raise the tax rate to 40% for millionaires to fund Trump’s ambitious campaign promises, including eliminating taxes on overtime, tips, and Social Security. Meuser had previously suggested a less than 2% tax hike for the wealthy, high-end income bracket, arguing that even a small increase could generate billions in revenue for the economy.

Meuser emphasized that Trump is not looking for a standard Republican-style budget but rather an all-encompassing plan that benefits middle-income Americans and small businesses. He also highlighted the importance of providing exemptions for pass-through small businesses to ensure they are not burdened with higher tax rates.

While Meuser is open to tax hikes for the ultra-wealthy, other conservatives like Sen. Josh Hawley of Missouri are staunchly against any tax increases. Hawley believes that tax cuts are the Republican party’s strength and is urging Republicans to protect tax cuts for working-class Americans who form the core of Trump’s base.

Former Vice President Mike Pence, a strong supporter of the 2017 tax cuts, has also urged House Republicans to resist raising taxes on top earners and to make the tax cuts permanent. Pence’s conservative policy advocacy group, Advancing American Freedom, has sent a letter to congressional Republicans urging them to stand firm against tax hikes.

In the midst of these debates, more Republicans, including Sen. Mike Rounds of South Dakota and Rep. Tom Tiffany of Wisconsin, are pushing to make Trump’s 2017 tax cuts permanent. This is seen as a key priority for Republicans during budget negotiations.

It remains to be seen how the debate over tax hikes for millionaires will unfold in the coming weeks. As different factions within the Republican party voice their opinions, it is clear that the issue of taxation will continue to be a hot topic in Washington.