House Speaker Mike Johnson has expressed strong opposition to increasing taxes on the wealthy, advocating instead for alternative funding methods to support Trumpâs ambitious agenda. Despite Trumpâs openness to a tax hike for the rich, Johnson maintains that the Republican Party is committed to tax reductions for all. As Republicans strive to finalize a $6.75 trillion budget including tax cuts and increased defense spending, they face significant challenges, particularly in balancing fiscal responsibilities without deep cuts to essential programs like Medicare and Medicaid.
âIâm not a big fan of doing that,â Johnson told Fox Newsâ âSunday Morning Futuresâ when asked about ratcheting up taxes on the rich. âWeâre the Republican Party and weâre for tax reduction for everyone.â
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