- Donald Trump has once again floated a tax hike on people who make several million a year as part of GOP tax negotiations. But the proposal, which cuts against deeply held Republican principles, would do little to ding the runaway incomes of the affluent, tax policy experts say. It also wouldn’t raise much money for the budget deficit.
As Republicans in Congress try to negotiate a fiscal policy bill, a decidedly un-Republican concept is back on the table: Raising the tax rate on the highest earners.
