Comparison of Tax Policies: President Trump and President George H. W. Bush

SOURCE www.foxnews.com
President Trump signals support for tax hike on wealthy Americans, drawing comparisons to President George H. W. Bush who also raised taxes despite promising not to. Republican politicians and pundits criticize Trump's potential tax hike, fearing political fallout similar to Bush's re-election loss.

Key Points

  • President Trump signaled support for tax hike on wealthy Americans
  • Comparisons drawn to President George H. W. Bush who raised taxes despite promising not to
  • Republican criticism of Trump's potential tax hike
  • Potential impact on upcoming elections

Pros

  • Potential to raise revenue for ambitious goals
  • Showing willingness to help lower and middle-income workers

Cons

  • Risk of political backlash and potential loss of support
  • Historical precedent of tax pledge reversal leading to negative consequences