Tax the Wealthy? Why I Ignore What Trump Says: David M. Drucker

May 6, 2025, 9:30 AM UTC

I’m a political writer in Washington and I ignore Donald Trump. It’s the only way, I’ve concluded after nearly a decade covering the 45th and 47th president, to make sense of his administration.

Take tax increases. Trump hasn’t ruled out raising income levies on wealthy earners and corporations. Or has he?

Newt Gingrich, a Republican former speaker of the House of Representatives and prominent Trump supporter, insisted to Politico the president has taken millionaire tax hikes off the table. Larry Kudlow, Trump’s chief White House economic advisor during the first term, believes the same about potential corporate tax increases. “Mr. ...

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