Trump’s tax hike on millionaires is back on the table—but experts say it won’t make a dent in the ultra-rich

fortune.com/2025/05/11/trump-millionaire-tax-inequality-billionaires

Donald Trump has once again floated a tax hike on people who make several million a year as part of GOP tax negotiations. But the proposal, which cuts against deeply held Republican principles, would do little to ding the runaway incomes of the affluent, tax policy experts say. It also…

This story appeared on fortune.com, 2025-05-11 12:07:00.
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