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Will Trump Tax the Rich?

STEVE BANNON PUSHING FOR 44 PERCENT MARGINAL TAX RATE ON THE VERY RICH

Steve Bannon is pushing for  a new 44 percent top marginal tax rate for taxpayers earning more than $5 million a year!  The the revenue would pay for tax cuts for the middle class.  This seems utterly at odds with  Trump’s existing proposal for  three brackets, with the top one decreased to 35 percent.

Donald Trump did tell the Wall Street Journal, “if there’s upward revision it’s going to be on high-income people.”  “I have wealthy friends that say to me, ‘I don’t mind paying more tax,’”


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