Trump supports higher taxes for the rich, but says GOP 'should probably not do it' in bill
President Donald Trump offered some mixed messaging as Republicans put the final touches on their tax proposal, saying Friday that he would support raising taxes on the wealthiest Americans to help pay for his sweeping legislative agenda while adding in the same breath his belief that Republicans "should probably not do it."
"The problem with even a 'TINY' tax increase for the RICH, which I and all others would graciously accept in order to help the lower and middle income workers, is that the Radical Left Democrat Lunatics would go around screaming, 'Read my lips,' the fabled Quote by George Bush the Elder that is said to have cost him the Election. NO, Ross Perot cost him the Election! In any event, Republicans should probably not do it, but I'm OK if they do!!!" Trump wrote in a post on his social media platform.
MORE: Trump admin live updates
White House Press Secretary Karoline Leavitt called Trump's position on raising taxes for the rich "very honorable" during Friday's White House press briefing.
"The president himself has said he wouldn't mind paying a little bit more to help the poor and the middle class and the working class in this country," Leavitt said. "These negotiations are ongoing on Capitol Hill and the president will weigh in when he feels necessary."
The ambiguous presidential declaration has thrown negotiators into a frantic scramble -- with the House Ways and Means committee expected to mark up their legislation next week.
The inclusion of a tax hike in the "big, beautiful bill" would be a major reversal for House GOP leaders, who have argued that allowing the current tax rates to expire would amount to a tax increase.
MORE: Trump floats lower tariffs on China. What would it mean for prices?
"I'm not in favor of raising the tax rates because that's -- our party is the group that stands against that, traditionally," Speaker Mike Johnson said in an interview on Fox News in late April.
During his acceptance speech at the Republican National Convention in 1992, incumbent President George H.W. Bush uttered the infamous line, "read my lips: no new taxes." Voters ultimately rejected Bush at the ballot box after he broke his vow and signed legislation crafted by congressional Democrats that increased tax revenues to address the growing budget deficit.
Trump supports higher taxes for the rich, but says GOP 'should probably not do it' in bill originally appeared on abcnews.go.com
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CBS News
21 minutes ago
- CBS News
Downtown L.A. curfew goes into effect after California Gov. Gavin Newsom addresses ICE protests
California Gov. Gavin Newsom delivered a statewide address on Tuesday in the wake of immigration operations that sparked days of protest in Los Angeles and the deployment of hundreds of National Guard and U.S. Marines troops to the area by President Trump. "Trump, without consulting California leaders, commandeered 2,000 of our state's National Guard members to deploy on our streets illegally and for no reason," Newsom said. "This brazen abuse of power by a sitting president enflamed a combustible situation, putting our people, our officers and even our National Guard at risk." The speech came on the heels of Mayor Karen Bass' decision to implement a curfew in downtown Los Angeles after five nights of unrest in the city center, and an emergency motion for a temporary restraining order filed by the state in its lawsuit to block further deployment of troops. That curfew resulted in dozens of arrests on Tuesday, with law enforcement swarming the impacted area as soon as it went into effect. Sporadic arrests followed. It was unclear how many were made in all. Since Friday, when the first operations took place in several downtown locations, protesters have taken to the streets to denounce the arrest of dozens of people. In some instances, protests have escalated into violent clashes that left an aftermath of destruction, including graffiti, looting, vandalism and debris. The next night, Mr. Trump declared that the National Guard would be deployed to Los Angeles to help quell the turmoil, despite opposition from California politicians who said it was largely unnecessary. That order was then followed by the deployment of 2,000 more National Guard troops and 700 U.S. Marines to the area as the protests continued, something Newsom called "fanning the flames even harder." "The President, he did it on purpose. As the news spread throughout L.A., anxiety for family and friends ramped up and protests started again. By night, several dozen lawbreakers became violent and destructive, they vandalized property, they tried to assault police officers," Newsom said. "This situation was winding down and was concentrated in just a few square blocks downtown. But that, that's not what Donald Trump wanted." "What we're witnessing is not law enforcement — it's authoritarianism. What Donald Trump wants most is your fealty, your silence, to be complicit in this moment," Newsom said. "Do not give into him." Los Angeles police and protestors face off in Downtown L.A. on Tuesday, June 10, 2025 in Los Angeles, CA. Jason Armond Curfew issued During an evening press conference, Bass said that since demonstrations have continued to escalate into violence, resulting in dozens of arrests and more than 20 businesses looted, she would impose a curfew. "The curfew will be in place tonight from 8 p.m. to 6 a.m.," she said. "We certainly expect for it to last for several days." It runs for one-square mile in the downtown area from the 5 Freeway to the 110 Freeway and from the 10 Freeway to where the 110 Freeway and 5 Freeway merge. "The city of Los Angeles is a massive area, 502 square miles," Bass said. "The area of downtown, where the curfew will take place, is one square mile ... Some of the imagery of the protest, of the violence gives the appearance as though this is a citywide crisis and it is not." Protesters gather in front of California National Guard soldiers and LAPD officers guarding the Edward R. Roybal Federal building as protests continue in Los Angeles on June 10, 2025 in Los Angeles, California. / Getty Images Demonstrations continue Tuesday Dozens gathered once again Tuesday, but police were quick to close in on the growing crowd near the Metropolitan Detention Center. With the CBS Los Angeles helicopter overhead, multiple people were seen being detained and loaded onto buses by officers. At around 4 p.m. a small crowd moved towards the 101 Freeway, briefly entering southbound lanes before they were met by the California Highway Patrol. Some officers stopped traffic as others formed a skirmish line to prevent the pedestrians from moving further into the road. Despite law enforcement blocking offramps and onramps for the thoroughfare, the crowd was able to gain entry through a hole that had been cut in a chainlink fence. On Sunday, hundreds of demonstrators flooded the same stretch of freeway, where they clashed with CHP officers. At around 7:30 p.m. CBS News Los Angeles reporters said that tensions again escalated outside of the Edward R. Roybal Federal Building, where people in the crowd began hurling projectiles towards a line of National Guard troops stationed out front. When the curfew went active 30 minutes later, dozens of LAPD officers arrived outside of the building, which prompted much of the crowd to begin leaving the area. Still, dozens of people attempted to hang around, resulting in their arrests. It's unclear exactly how many people were taken into custody. With the CBS News helicopter overhead, a group of dozens were seen still moving through the area, some stopping to tag the side of buildings and Metro buses. By 11 p.m. most of the people who had previously gathered downtown appeared to have left the area. A crowd of protesters outside of the Edward R. Roybal Federal Building in downtown Los Angeles on June 10, 2025. KCAL News How it started The protests began Friday night after several immigration raids took place in the Westlake District, downtown and South LA. The CBS News Los Angeles helicopter flew over the locations where crowds quickly formed, and protesters attempted to prevent federal agents from placing individuals into vans. One of the 45 people arrested that day was local union leader David Huerta. The protests that took place over the weekend were declared unlawful assemblies and people were ordered to disperse and clear the area. In each case there were small pockets of the demonstrations that turned chaotic, which included hundreds of people converging on the 101 Freeway to block traffic on Sunday afternoon. That same day, several Waymo vehicles were torched to the ground by one group of people. The day prior, hundreds of demonstrators clashed with law enforcement in Paramount and Compton. Reporters on the ground saw as law enforcement and troops dressed in riot gear attempted to clear crowds by using tear gas, beanbag rounds and flash bangs into crowds to try and disperse people. Department of Homeland Security Secretary Kristi Noem posted on X that people who "lay a hand" on law enforcement officers will be prosecuted to the full extent of the law. So far, nearly 400 people have been arrested in the series of demonstrations, Newsom said on Tuesday. Protesters gathered in downtown Los Angeles on June 10, 2025, marking the fifth consecutive day of anti-ICE protests. KCAL News National Guard and military in Los Angeles The Marines began arriving in the LA area on Tuesday morning, a defense official said, joining the thousands of National Guard troops already in the area to respond to the protests. Acting Defense Department comptroller Bryn MacDonnell testified before the House Appropriations Subcommittee on Defense and said the deployment of the National Guard will cost about $134 million. On Tuesday, California Attorney General Rob Bonta asked a federal judge to provide a temporary restraining order to stop Mr. Trump, Defense Secretary Pete Hegseth and the U.S. Department of Defense from using the military and the National Guard to patrol the region and protect federal officers and facilities. The day before Bonta filed a lawsuit against the Trump administration, arguing the orders are unlawful and exceed the federal government's authority under the Tenth Amendment. "President Trump's order calling federalized National Guard troops into Los Angeles — over the objections of the Governor and local law enforcement — is unnecessary and counterproductive. It's also deeply unfair to the members of the National Guard who are hard at work every day protecting our state, preparing for and responding to emergencies, and training so that, if called, they can fight our nation's wars," Bonta said. Bass blamed the unrest in LA on the federal government's involvement, saying that before immigration enforcement actions last week, the city was "peaceful." During a speech at Fort Bragg on Tuesday, Mr. Trump called the protests "a full-blown assault on peace, on public order and a national sovereignty. He said that if it weren't for his calling in the National Guard, L.A. would be "burning to the ground right now" and that the majority of the demonstrations were allegedly "carried out by rioters bearing foreign flags with the aim of continuing a foreign invasion of our country" and that he would "liberate" L.A. Democratic California Sen. Alex Padilla spoke with CBS News' Major Garrett on Tuesday regarding the actions of immigration enforcement and the several days of protests. He said that while the majority of the demonstrations have been peaceful, "the folks that show up after dark and are involved with the looting and the vandalism ... we denounce that." He called the ongoing situation a "crisis of Donald Trump's making." "The increasingly aggressive and cruel tactics of the immigration enforcement is what's prompting the response of people who are passionate about speaking up for our fundamental rights and due process, because the enforcement operations have gone far beyond just the violent criminals or the dangerous criminals that Donald Trump has promised," Padilla said. "It's raking in people who are otherwise innocent, hardworking women and men, children." He also denounced the deployment of military troops to the area. "The National Guard, to your point, it's not only not necessary here, it's counterproductive. Their presence is what's causing people to feel a little bit more on edge," he said. "As things have been quieting down a little bit more each day, now he's capturing that, not with a deescalation, but now potentially sending the Marines. Donald Trump is escalating the situation." Padilla, who grew up in the Pacoima area, served as president of the Los Angeles City Council and represented the San Fernando Valley in the state Senatre, says that the matter is "personal to me." "Los Angeles is my home. I am the proud son of immigrants from Mexico who worked so hard, who sacrificed so much to live their American dream. That's what the immigrant community is fighting for," he said. Protests take place across California Demonstrations have also taken place in cities across California in response to the events in Los Angeles. On Monday, a crowd of over 100 people gathered in Santa Ana outside the complex of federal buildings in the downtown area, some of which threw fireworks towards law enforcement officials who used crowd dispersal methods like smoke-filled canisters and pepper balls in return. The situation was much more peaceful on Tuesday, with a smaller group of people protesting in the same area without incident. "When a peaceful demonstration escalates into rocks, bottles, mortars, and fireworks being used against public service personnel, and property is destroyed, it is no longer a lawful assembly. It is a violation of the law," said a statement from Santa Ana Police Chief Robert Rodriguez. "We will not stand by while our City is put at risk. Santa Ana Police officers, along with our mutual aid partners, are actively working to restore order. We urge everyone to go home." Tensions grew in San Francisco Monday night when police said two small groups of individuals committed vandalism and other criminal acts. Police said multiple people were arrested and detained after refusing to comply.
21 minutes ago
Asian shares climb after China and the US say they have a framework for seeking a trade deal
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Yahoo
22 minutes ago
- Yahoo
Why ABC News Anchor Terry Moran Got Fired
Wondering why ABC News fired longtime correspondent Terry Moran? A recent social media post sparked controversy and led to swift action from the network. The situation drew reactions from political figures and raised questions about journalistic standards. Here's what led to Moran's firing and what ABC News said about the decision. ABC News fired Terry Moran after he posted a social media message criticizing Stephen Miller, President Donald Trump's deputy chief of staff for policy. On June 10, 2025, ABC News confirmed it would not renew Moran's contract, stating his post was 'a clear violation of ABC News policies.' In a now-deleted June 8 post on X, Moran called Miller 'a man who is richly endowed with the capacity for hatred' and described Trump as a 'world-class hater' who uses hatred for self-glorification. ABC News responded by suspending Moran and later announced his departure, citing a breach of its standards for 'objectivity, fairness and professionalism.' A spokesperson told USA TODAY, 'We are at the end of our agreement with Terry Moran and based on his recent post… we have made the decision to not renew.' The network emphasized that its reporters must adhere to editorial guidelines that prohibit subjective personal attacks. The post sparked a backlash from senior Republicans. Vice President JD Vance called Moran's remarks 'an absolutely vile smear.' White House Press Secretary Karoline Leavitt described the post as 'unhinged and unacceptable' and said the White House had contacted ABC about the matter. According to The Washington Post, Moran was initially suspended 'pending further evaluation' of whether his post violated neutrality standards. ABC News insiders expressed frustration over Moran's actions. Some said his post harmed the network's credibility, especially after recent efforts to rebuild relations with the Trump administration. Moran, 65, joined ABC in 1997 and served as co-anchor of Nightline and senior national correspondent. He had recently interviewed Trump in April 2025. While he deleted the post, Moran has not issued a public statement since his dismissal. The post Why ABC News Anchor Terry Moran Got Fired appeared first on - Movie Trailers, TV & Streaming News, and More.
