Fox News host Sean Hannity has now reportedly criticized a proposed tax hike on wealthy Americans, calling it “bad” and contrary to the principles that led to Donald Trump’s election.
A recent Bloomberg report revealed that some Republicans are considering raising the top income tax rate from 37% to 40% for individuals earning over $1 million annually.
Hannity, a staunch supporter of Trump’s economic policies, expressed his disapproval on his radio show, emphasizing that such a tax increase would negatively impact the economy and contradict Trump’s core beliefs.
He engaged with economist Steve Moore, who echoed Hannity’s concerns, warning that raising taxes could fracture the Republican Party and lead to significant electoral losses, reminiscent of the 1992 elections when George H.W. Bush’s tax increase contributed to a Democratic sweep.
Hannity questioned why Republicans would support a tax increase when they should focus on making Trump’s tax cuts permanent and eliminating taxes on tips, Social Security, and overtime, which were promises made to voters.
He remarked, “It’s pretty unbelievable to be honest,” highlighting the disconnect between the proposed tax policy and the party’s commitments.
While GOP leadership has not yet dismissed the rumors surrounding the tax hike, Hannity’s vocal opposition reflects a broader unease within the party regarding potential shifts in fiscal policy.
His comments underscore the tension between traditional Republican tax-cutting ideologies and the current leadership’s willingness to consider tax increases as a solution.
Overall, Hannity’s stance reinforces the notion that tax policy remains a contentious issue within the GOP, particularly as the party prepares for upcoming elections.
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