Steve Bannon: Republicans will have to “raise taxes on the wealthy” to fulfill Trump's campaign promises
Bannon addressing New York Young Republicans: “To make up that gap, I hate to say this, I know you got a bunch of still Republican orthodox folks out here. You're gonna have to raise taxes on the wealthy.”
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From a December 15, 2024, livestream of the New York Young Republicans Club Annual Gala
STEVE BANNON: Right here in this city, the financial capital of the world is gonna determine the success of Donald Trump's presidency. That — President Trump's gotta get, and he will, get a grip on the out of control debt, the out of control spending, Elon Musk will be a part of this. Right?
And — I hate to say it, you're gonna have populous tax cuts — on no tax on tips, no tax on Social Security, no tax — no tax on overtime. To make up that gap, I hate to say this, I know it, you got a bunch of still Republican orthodox folks out here. You're gonna have to raise taxes on the wealthy.
Hey. Both parties got us into this. Only the populist nationalists could get it out. But you know what? The neoliberal neocons are going to have to pay for what happened.