Trump says he’s OK with taxing the rich but warns of political fallout

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Updated 10 May 2025
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Trump says he’s OK with taxing the rich but warns of political fallout

  • Trump suggests higher taxes on the wealthy
  • Taxing the rich gets boost from leading hard-line Republican

WASHINGTON: US President Donald Trump said on Friday he was “OK” with raising taxes on the wealthiest Americans, as his fellow Republicans consider scaling back the scope of the ambitious tax-cut package they aim to pass this year.
“Republicans should probably not do it, but I’m OK if they do!!!” Trump wrote in a post on his social media platform.
Speaking to reporters later at the White House, Trump gave a stronger endorsement.
“I would love to do it, frankly,” he said in the Oval Office. “What you’re doing is you’re giving up something up top in order to make people in the middle income and the lower income brackets save more. So it’s really a redistribution, and I’m willing to do it if they want.”
Trump, a wealthy businessman with properties all over the world, indicated he would be willing to pay more in taxes himself. “I would love to be able to give people in a lower bracket a big break by giving up some of what I have.”
The Senate’s top Republican, John Thune, said he was not enthusiastic about the idea. “We don’t want to raise taxes on anybody. I mean, we’re about lowering taxes on Americans,” he said on Fox News.
Trump’s message comes as US House of Representatives Speaker Mike Johnson weighs whether to reduce the total tax package.
Johnson told some House Republicans on Thursday that he is now looking at $4 trillion in tax cuts, rather than an initial $4.5 trillion, according to a Republican aide.
Republicans are also fighting over spending cuts needed to pay for Trump’s “one big beautiful bill,” jeopardizing the goal of making all of the expiring provisions of his 2017 Tax Cuts and Jobs Act permanent.
Trump privately urged Johnson this week to raise the tax rate and close the carried-interest loophole for Wall Street investors, sources told Reuters on Thursday.
The Republican president suggested an increase to 39.6 percent from 37 percent for individuals earning $2.5 million or higher and joint filers earning at least $5 million, with carve-outs for small businesses, one source said.
“I don’t think they’re going to be doing it, but I actually think it’s good politics to do it,” Trump said.
Spending cuts to Medicaid and other programs are likely to fall short of a $2 trillion goal over a decade.
Johnson and other top Republicans have resisted the idea of raising taxes on the wealthy.
But Representative Andy Harris, who chairs the ultraconservative House Freedom Caucus, said a higher top tax bracket would help pay for the Trump agenda.
“Personally, I’ve always believed that if we can’t find spending reductions elsewhere, we should look at restoring the pre TCJA tax bracket on million dollar income,” the Maryland Republican wrote on X.
Trump views higher taxes on the rich as a way to help pay for massive middle and working-class tax cuts, and to protect Medicaid, the health care program for lower-income Americans.
But the president warned on Friday that Democrats would seize on “even a ‘TINY’ tax increase for the ‘RICH,’” citing former Republican President George H.W. Bush, who lost his 1992 re-election bid after breaking his promise not to hike taxes.
Trump and Republican lawmakers have cited the potential extension of the 2017 tax cuts as relief for Americans and an economic boost amid Trump’s tariffs on imported goods.
They have vowed to enact the extension as part of a larger budget bill that would also fund border security, the deportation of undocumented immigrants, energy deregulation and a plus-up in military spending.


Abduction of Mexican mine workers raises doubts over touted security improvements

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Abduction of Mexican mine workers raises doubts over touted security improvements

CONCORDIA: Deep in the coastal mountains above the sparkling Pacific resort of Mazatlan, towns spaced along a twisting road appear nearly deserted, the quiet broken only by the occasional passing truck.
It was near one of these towns, Panuco, that 10 employees of a Canadian-owned silver and gold mine were abducted in late January. The bodies of five were located nearby and five more await identification.
Most residents of these towns have fled out of fear as two factions of the Sinaloa Cartel have been locked in battle since September 2024, said Fermín Labrador, a 68-year-old from the nearby village of Chirimoyos. Others, he said, were “invited” to leave.
The abduction of the mine workers under still unclear circumstances has raised fears locally and more widely generated questions about the security improvements touted by President Claudia Sheinbaum. She signaled her more aggressive stance toward drug cartels in Sinaloa with captures and drug seizures after she took office in late 2024. It has been one year since she sent 10,000 National Guard troops to the northern border to try to head off US tariffs over the cartels’ fentanyl trafficking, much of which comes from Sinaloa.
In January, Sheinbaum held up a sharp decline in homicide rates last year as evidence that her security strategy was working.
“What these kinds of episodes do is demolish the federal government’s narrative that insists that little by little they are getting control of the situation,” said security analyst David Saucedo. He said Sheinbaum had tried to “manage the conflict” while the Sinaloa Cartel’s internal war spread and split the state by obliging people “to take a side with one of the two groups.”
Fleeting security
The mine workers’ disappearance in late January brought more troops into the mountains as they searched by air and on the ground for signs of them.
Mexico’s Security Secretary Omar García Harfuch came to coordinate the operation. Several arrests were made and from information gleaned from suspects, authorities found the clandestine graves.
But the increased security presence has not brought peace of mind to residents.
Roque Vargas, a human rights activist for people displaced by violence in the area, said that “all of the hubbub has scattered the organized crime guys” but he worries they could return. He and others are also concerned about being mistaken for bad guys and attacked by security forces when they leave their town, because it has happened elsewhere in the state.
“We’ve practically been abandoned,” he said.
Cartel infighting triggered violence
Sheinbaum took office in October 2024, when Sinaloa was entering a new spiral of violence following the abduction of Sinaloa Cartel leader Ismael “El Mayo” Zambada by a son of former cartel leader Joaquín “El Chapo” Guzmán. Zambada was handed over to US authorities and his faction of the cartel went to war with the faction led by Guzmán’s sons.
Initially, residents of the state capital, Culiacan, were caught in the crossfire, but the conflict eventually extended statewide. US President Donald Trump took office last year and designated the Sinaloa Cartel, among others, a foreign terrorist organization, upping the pressure on Sheinbaum’s administration to get tough with the cartels.
By last April, Vizsla Silver Corp., the Vancouver, Canada-based mine owner, announced it was halting activities at the mine because of security concerns in the area. The pause lasted a month.
García Harfuch said this month that the suspects arrested were part of the Sinaloa Cartel faction loyal to Guzmán’s sons, known as “los Chapitos,” and had mistaken the workers for belonging to the other faction. There has not been an explanation for how the confusion could have occurred since Vizsla said the workers were taken from their site.
Mines and crime
Mines, along with other businesses like avocado groves and pipelines carrying gasoline, have long attracted organized crime’s attention in Mexico as a source of extortion payments or to steal the extracted material.
Saucedo, who has researched cases in Guanajuato, Sinaloa and Sonora, said he has also seen cases where mines take advantage of armed groups to control mine opponents.
The Mexican government has said it has no reports that Vizsla was extorted. Sheinbaum said that her administration would talk with all mining companies in Mexico “to offer the support they require.”
Vizsla did not respond to questions emailed by The Associated Press, but has said in statements that its focus is on finding the remaining workers and supporting the affected families. Relatives of one of the workers declined to comment.
Search for the missing
In the community of El Verde, in the foothills that rise between the ocean and the mountains, Marisela Carrizales stood beside banners bearing the photographs of missing people. The road leading to a site where clandestine graves were discovered was blocked by a police car. The surrounding town was silent.
“I’m here waiting for answers,” said Carrizales, who belongs to one of the many search collectives that have spread all over Mexico to look for the missing. She has been looking for her son, Alejandro, for 5 ½ years and had come to El Verde with more than 20 others also looking for missing relatives to monitor authorities’ work and demand that they help them look in other places, too. “We have information that there are a lot more graves here … we have to come to look for them.”
It was here in the first week of February that authorities found a clandestine grave and then more in the days that followed. The Attorney General’s office said 10 bodies were found in one location, five of which have been identified as the missing mine workers. But the Sinaloa state prosecutor’s office also said additional remains were found in four other grave sites around the community.
There are many missing. In Mazatlan, a Mexican tourist was taken from a bar in October. In January, a businessman disappeared. In February, six other Mexican tourists were abducted from a ritzy part of the resort city. A woman and a girl who were part of that group were later found alive outside the city, but the men who were with them have not appeared.
While the government has strengthened security in Mazatlan ahead of carnival celebrations, back in the mountains, teachers, doctors or even buses are not coming to many of the communities out of fear, Vargas said.
Labrador, the man from Chirimoyos, said that when he is lucky, he borrows a friend’s motorcycle to go to his job in a highway toll booth. When he can’t borrow it, he has to walk more than 5 miles (8 kilometers) through the mountains, because the person in charge of local public transportation disappeared in December.