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Thune on millionaire tax: ‘I don’t want to see taxes go up on anybody’

  • Senate Majority Leader John Thune stated on CNBC's Squawk Box on Friday that he does not want to see taxes increase on anybody.
  • Thune commented in response to President Donald Trump's statements on taxation, which included Trump's willingness to accept a modest tax hike on wealthy individuals to support lower and middle-class workers.
  • Thune emphasized his proposals focus on supporting working Americans and maintain a commitment to lowering, not raising, taxes amid legislative challenges.
  • Trump warned that even a small tax hike on wealthy individuals would prompt the Radical Left to loudly reference the famous "Read my lips" pledge made by George H.W. Bush, which is often believed to have contributed to his electoral defeat.
  • Thune’s comments reflect the Republican stance against tax hikes while affirming intent to advance a budget reconciliation bill addressing tax relief, spending, and security priorities.
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The Hill broke the news in Washington, United States on Friday, May 9, 2025.
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