President Donald Trump signaled in a closed-door meeting with Senate Republicans last week that he is open to raising tax rates on the wealthiest Americans, according to three people familiar with the conversation, marking a notable shift in tone amid ongoing talks to extend Trump-era tax cuts, Semafor reported.

The meeting with members of the Senate Budget Committee and Majority Leader John Thune, R-S.D., focused on Trump’s legislative priorities for the year. During the session, Sen. Lindsey Graham, R-S.C., asked Trump how he would respond to a proposal allowing tax hikes on the wealthiest taxpayers. Trump replied that he would be “fine with that idea,” the sources told Semafor.

Although Trump’s response was not interpreted as a strong endorsement, it highlighted his openness to a tax policy shift that some allies say could deflect criticism from Democrats.

Read more at Newsmax© 2025 Newsmax. All rights reserved.