Trump said the "problem with even a 'TINY' tax increase for the RICH, which I and all others would graciously accept in order to help the lower and middle income workers" is how Democrats would react, citing President George H. W. Bush's infamous "read my lips: no new taxes" comment that would later come back to haunt him.

President Donald Trump is considering a small tax increase for wealthy Americans to help pay for his priorities to boost the middle and working classes. A source familiar with Trump's thinking told Fox News Digital that Trump is considering allowing the rate on individuals making $2.

Donald Trump has proposed raising taxes on the wealthiest Americans, in a breach of Republican orthodoxy that he hopes could pay for broader tax breaks being debated in Congress. The US president proposed an increase in the tax on people earning more than $2.