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Donald Trump, the Republican presumptive presidential nominee, announced that his tax plan is negotiable on Sunday night. The billionaire initially called for tax cuts across the board, but he has since changed his tune, stating that the taxes on the wealthy need to be increased.
During an interview with “Meet the Press” on Sunday night, Trump stated, “For the wealthy, I think, frankly, it’s going to go up,” when discussing taxes. Trump reaffirmed that he thinks taxes on the wealthy should be increased.
Trump’s original tax plan lowered the taxes for the rich, too. The presidential candidate said that his tax plan was just the “floor” and that it is an opening to negotiations. Trump stated, “The fact that I put in a plan, it really is a floor. That’s what it is whether we like it or not.”
The billionaire asserted that he will need to negotiate with senators and congress to implement any tax plan under a Trump presidency.
Discussions shifted when Trump stated, “I don’t know how people make it on $7.25 an hour” when discussing minimum wages across the country. Trump announced that he would like to see the minimum wage go up, but he believes that the minimum wage increase should be done on the state level.
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