Donald Trump proposes to raise income taxes on wealthy Americans

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Donald Trump suggested raising taxes on the richest Americans, in a violation of the Republican Orthodoxy, who hopes to pay wider tax exemptions in Congress.

The US President suggested an increase in the tax on people who receive more than $ 2.5 million annually to nearly 40 percent, as he began to speak with Republicans Congress about the details of a new financial package that he hopes to pass this year.

“The president is considering allowing the average of individuals who achieve $ 2.5 million or more to return from 37 percent to pre -2017 39.6 per cent. This will help to pay costs of tax tax cuts for the middle and working class, and protection Medicaid.

Trump’s proposal will be a great break from the traditional Republicans ’approach to high papers-and criticism of some right-wing groups that it said is closer to a democratic policy.

This comes at a time when the White House and the Republicans at Capitol Hill are trying to accelerate the financial package, which would extend the tax cuts in Trump for the year 2017, which are scheduled to end in the next year.

The tax law is the highest legislative priority for Trump on the economy, but was overwhelmed by his second term through the World Trade War it launched on April 2, which included a set of high tariffs imposed on American trading partners.

The negotiations between the Republican lawmakers also revealed differences on how to pay the price of tax cuts and other measures in the package.

In addition to looking at higher taxes for the richer families, Trump also indicated his willingness to end the preferential tax treatment of the hedge fund and private stock profits known as “reserved interest”, in a possible blow to Wall Street.

In addition to taxes on the wealthy financiers and Americans, legislators are also considering raising “Calt Cap”, a step that allows real estate owners to deduct up to $ 30,000 in the United States and local from their tax bill.

The current limit of $ 10,000 was set in the Trump tax package of 2017. The new limit will be a major tax break in many prosperous American neighborhoods.

“There is still an ongoing discussion between members, and I think we will find the right point,” Mike Johnson, Speaker of the Republican parliament, told reporters.

Trump looked at increasing taxes on the richest Americans a violent reaction from anti -tax conservative groups.

“The raising of the higher tax rate to 39.6 percent is the Kamal Harris suggestion. I have lost the elections for President Trump. There is no need to adopt its tax height,” the Americans told tax reform, which opposes all tax increases.