In U-turn, Trump says he’ll raise taxes on rich

Donald Trump signals he would consider raising taxes on wealthy Americans, and that his tax plan unveiled so far is not set in stone.

Asked on ABC’s “This Week” to clarify his stance on taxation, the presumptive Republican nominee says he does not expect his proposals for cutting taxes across the board to make it intact through the US Congress.

“By the time it gets negotiated, it’s going to be a different plan,” Trump says. “And in my opinion the taxes for the rich will go up somewhat.”

“I am willing to pay more. And do you know what? The wealthy are willing to pay more,” he adds.

Trump’s tax plan — his most detailed policy proposal so far — vows to eliminate taxes for half of all households, and slash taxes for the middle and upper classes, while closing beneficial loopholes for the very wealthiest.

“The thing I’m going to do is make sure the middle class gets good tax breaks,” Trump said.

“The other thing, I’m going to fight very hard for business. For the wealthy, I think frankly it’s going to go up.

“You know what, it really should go up.”

— AFP