Donald Trump Walks Back Tax Plan, Saying 'It's Going to Be Negotiated'
Presumptive says plan is "going to be negotiated."
By NICKI ROSSOLL
May 8, 2016, 1:02 PM
• 4 min read
-- As Donald Trump pivots to the general election battle, he's already walking back his tax plan, the most specific policy proposal he has released during the campaign.
"By the time it gets negotiated, it's going to be a different plan," Trump told George Stephanopoulos on ABC News' "This Week."
In Trump’s tax plan, the wealthiest individuals would get a tax break, with the top tax rate dropping from 39.6 percent to 25 percent. But when pressed if he wants taxes on the wealthy to go up or down, he predicted that the top rate would be higher than the plan says.
"On my plan they're going down. But by the time it's negotiated, they'll go up," Trump said. "Look, when I'm negotiating with the Democrats, I'm putting in a plan. I'm putting in my optimum plan. It's going to be negotiated, George. It's not going to stay there. They're not going to say, 'There's your plan, let's approve it.' They're going to say, 'Let's see what we can do.'"
"I am looking at it, and I haven't decided in terms of numbers. But I think people have to get more," Trump said.
Throughout the primaries, Trump had been against increasing the minimum wage, but as the Republican Party's presumptive nominee, he's changing.
"Sure, it's a change. I'm allowed to change. You need flexibility, George, whether it's a tax plan, where you're going -- where you know you're going to negotiate. But we're going to come up with something. But my real minimum wage is going to be -- I'm going to bring companies back into this country, and they're going to make a lot more than the $15 even," Trump said.
Unclear is whether Trump supports a direct hike in the minimum wage or simply intends to achieve it through greater economic prosperity.