Trump Opposes Kamala Harris’s Tax Hike on Small Businesses, Affirms Cuts Promise; Gingrich Says Wealthy Tax Increase Off Table

President Donald Trump has reaffirmed his opposition to a proposed tax hike on small businesses and across income levels, a stance he emphasized during his 2016, 2020, and 2024 campaigns. Trump criticized Vice President Kamala Harris for advocating an increase in the top individual income tax rate, warning that such a move would be used by Democrats to target Republicans in every district. While Trump expressed openness to a small increase in the top tax rate, he declined to endorse it publicly, citing concerns that Democrats would exploit it politically. Republican figures, including Newt Gingrich, have stated that Trump has effectively removed a tax hike on the wealthy from consideration. Tax policy experts have debated Trump's position, with some questioning his understanding of tax policy implications. Overall, Trump maintains his campaign promise to cut income taxes across the board and protect small businesses from tax increases proposed by Democrats.