President Donald Trump warned on Wednesday that raising the top income tax rate to 40 percent would push wealthy Americans to leave the country. “It would be very disruptive because the millionaires would leave,

President Donald Trump said that imposing a higher tax rate on millionaires would spur the country’s richest to leave the US, downplaying an idea that is under discussion in some Republican circles as a way to pay for an economic package.

President Donald Trump expressed his stance on the ongoing debate within the Republican party over raising taxes on U.S. millionaires, saying, "I think it would be very disruptive because a lot of millionaires would leave the country.