Trump: ‘Taxes for the rich will go up somewhat’


Washington (CNN)Donald Trump says taxes on the wealthy could increase if he’s elected president, and that he supports an increase in the minimum wage. Both positions are departures from where Trump stood in the GOP presidential primary.

On taxes, he said he’d be willing to bargain away those cuts in negotiations with Congress.
“On my plan they’re going down. But by the time it’s negotiated, they’ll go up,” Trump said on ABC’s “This Week.”
“We’re going to submit the optimum,” he said of his tax proposal. “That’s what I’d like to get and we’ll fight for it. But from a practical standpoint, it’s going to get renegotiated. And in my opinion, the taxes for the rich will go up somewhat.”
He said the points in his tax plan he’s most intent on keeping are tax cuts for the middle class and businesses — particularly those that have refused to bring profits earned overseas back into the United States. He’d like his plan to incentivize them to return the profit to the U.S.
‘It’s a concept’

Minimum wage

Trump said last week he was “looking at” possibly raising the minimum wage and was “open to doing something with it,” during an interview with CNN’s Wolf Blitzer.
On Sunday, Trump was pressed by ABC’s George Stephanopoulous over his change in position.
Trump, who opposed an increase during the Republican primary, told ABC: “I am looking at it and I haven’t decided in terms of numbers. But I think people have to get more.”
Pressed on that being a reversal from his primary stance, Trump said: “Well, sure it’s a change. I’m allowed to change. You need flexibility, George, whether it’s a tax plan where you’re going to — where you know you’re going to negotiate. But we’re going to come up with something.
“But my real minimum wage is going to be — I’m going to bring companies back into this country and they’re going to make a lot more than the $15 even,” he said. “They’re going to make a lot more than that.”
On NBC, Trump reiterated his support for a higher minimum wage, but said he’d rather let states set the floor wage, not the federal government.
“I don’t know how you live on $7.25 an hour. But I would say let the states decide,” he said.
source CNN

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s