Trump Gets Ready to… Tax the Rich?

Donald Trump
Raising taxes on the wealthy would be just another Rubicon to cross—the latest step in Trump’s ongoing political realignment. Photo: MANDEL NGAN/AFP/Getty Images
Leigh Ann Caldwell
April 16, 2025

In recent weeks, Donald Trump has again broached a once-unthinkable topic. No, not tariffs on allies or extorting white shoe law firms or threatening a federal takeover of Harvard University. More jarring, from the perspective of Republicans on Capitol Hill, has been the president’s argument for raising taxes on the wealthy.