Trump retreats on bid to raise taxes for rich
11 May, 2016, 12:00 am
WASHINGTON – Republican presidential candidate Donald Trump backtracked on Monday on his remarks about raising taxes on wealthy Americans, saying the rich might simply get a smaller tax cut than he originally proposed.
Mr Trump walked away from his Sunday comment that taxes on the wealthy would “go up” once his broad tax policy proposals, which include tax cuts for rich Americans, were negotiated with Congress. That appeared to be a break with traditional Republican support for lower taxes in all income brackets.
On Monday, Mr Trump said he did not mean to imply he was willing to raise taxes for people in higher-income brackets from their current level, but was referring to potential adjustments to his own tax policy proposal.