Rep. Dan Meuser, a Pennsylvania Republican, is supporting the White House’s proposed tax hike for people making more than $1 million.
“I believe we must help the President deliver on his promise of a tax and regulatory plan that supports pro-American economic and manufacturing growth, and delivers for the vast majority of Americans – while creating savings and promoting fiscal responsibility. Any adjustments in taxes to accomplish these goals should be considered,” Meuser told Fox News Digital in a statement on Tuesday.
Last week, White House aides began quietly floating a proposal to House Republicans that would raise the tax rate to 40% for Americans making more than $1 million, sources told Fox News Digital about the preliminary discussions. The plan would shore up income to fund President Donald Trump’s ambitious campaign promises to eliminate taxes on overtime, tips and Social Security.
On Thursday, Meuser said on “Mornings with Maria” that he suggested a less than 2% tax hike for the “wealthy, high-end income” tax bracket months ago. He noted that Trump’s 2017 Tax Cuts and Jobs Act lowered the top tax rate from 39.6% to 37%, so raising it to 38.6% would still keep it below the pre-TCJA level by nearly one percentage point.
“We’re fighting for small business. We’re fighting for all of America and for the job creators that might be in those categories. So, if you were to bring it up by 1 point, it brings $15 billion in revenues, right? Without any elasticity, which could take place. So, if it did come up to 39[%], it’s almost $25 billion,” Meuser said, touting the billions in revenue that a small tax hike could reap for the economy.
SCOOP: PENCE URGES REPUBLICANS TO HOLD THE LINE ON TAX HIKES FOR THE RICH AS TRUMP WEIGHS OPTIONS
The Pennsylvania Republican, who joined Trump on the 2024 campaign trail and is considered a potential candidate to challenge Gov. Josh Shapiro in 2026, stressed Trump’s all-of-the-above tax approach.
“The president is determined not to have a standard – and this is my view, from what I’ve based upon him, I’m not putting in words in his mouth – a standard Republican-style budget. What he wants to see is something that is in the interest of all America, middle-income America, small businesses, and by the way, we would be talking about an exemption for pass-through small businesses so they would not be paying at the higher rate, as they do now, at their income level rate,” Meuser said.
While Meuser has indicated his warmth to the idea of tax hikes for the ultra-wealthy, other conservatives have remained steadfast in their rejection of any tax increases.
Sen. Josh Hawley, R-Mo., told Fox News Digital last week that tax cuts are “what Republicans are good at” as he urged his fellow Republicans to protect tax cuts for working-class Americans who fuel Trump’s base. More Republicans, including Sen. Mike Rounds of South Dakota and Rep. Tom Tiffany of Wisconsin are pushing to make Trump’s 2017 tax cuts permanent, which is considered a Republican priority during budget negotiations.
Former Vice President Mike Pence, who refers to the 2017 tax cuts as the “Trump-Pence tax cuts,” last week urged House Republicans to stand firm against raising taxes on the country’s top earners and make the 2017 tax cuts permanent.
CLICK HERE TO GET THE FOX NEWS APP
Advancing American Freedom, Pence’s conservative policy advocacy group, sent a letter to congressional Republicans, including House Ways and Means Committee Chair Rep. Jason Smith, R-Mo., and Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, last week, urging Congress to “stand firm against tax hikes.”
