Politics
Trump's tax hike proposal is 'déjà vu' of George H. W. Bush's 'read my lips' moment, experts say
Americans lambasted President George H. W. Bush for infamously vowing on stage at the 1988 Republican National Convention not to raise taxes on Americans, then supporting a tax hike as president two years later.
History could repeat itself as President Donald Trump this week signaled his support for congressional Republicans raising taxes to accomplish the ambitious goals of his “big, beautiful bill,” according to experts.
“My opponent won’t rule out raising taxes, but I will. And the Congress will push me to raise taxes, and I’ll say no. And they’ll push and I’ll say no. And they’ll push again, and I’ll say to them: ‘Read my lips: no new taxes,’” then-Vice President Bush vowed at the 1988 convention, before raising taxes two years later with the Omnibus Budget Reconciliation Act of 1990.
While acknowledging the political backlash his fellow Republican faced, Trump signaled in a Truth Social post on Friday his own willingness to raise taxes on Americans, following reports confirmed by Fox News Digital that the president is considering raising the tax rate on individuals making $2.5 million or more by 2.6%, from 37% to 39.6%.
TRUMP CONSIDERS TAX HIKE ON AMERICANS MAKING $2.5 MILLION OR MORE PER YEAR
Political experts compared President Donald Trump, right, to President George H. W. Bush after Trump signaled his support for a small tax hike. (Pool/Getty Images)
“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 said.
WHITE HOUSE QUIETLY FLOATS MILLIONAIRE TAX HIKE PROPOSAL IN CONGRESS AS GOP LEADERS SIGNAL OPPOSITION
Ross Perot, the late billionaire Texas businessman and philanthropist, ran an independent campaign as a third-party candidate in the 1992 presidential election, winning an historic 19% of the popular vote.
As Trump suggested, the political fallout of raising taxes contributed to Bush losing re-election to President Bill Clinton in 1992. Democrats slammed Bush in campaign ads for walking back his word as conservative Republicans criticized the president for being out of step with the party’s traditional tax policies.
Former House Speaker Newt Gingrich led Republican criticism of Bush’s tax hike proposal, and Gingrich has urged Trump to stand down on raising taxes since rumors the administration was floating a small tax hike first swirled.
TRUMP’S FIRST VICE PRESIDENT URGES HIS OLD BOSS AGAINST RAISING TAXES ON WEALTHY AMERICANS
Gingrich recently told Larry Kudlow on FOX Business that Trump is a Ronald Reagan Republican, not a Bush Republican, and raising taxes would be an “act of destruction.”
“It would absolutely shatter his coalition,” Gingrich said. “It would mean the entire conservative movement would rise in rebellion, and it would mean every small business in the country would start recalculating who they are going to lay off, if they are even going to stay in business. It would make no sense at all.”
House Speaker Mike Johnson, R-La., is leading ongoing budget negotiations for Trump’s “big, beautiful bill.” (Kent Nishimura/Getty Images)
Negotiations are ongoing among House Republicans to finalize Trump’s “big, beautiful bill,” which is expected to include an extension of Trump’s 2017 tax cuts and fulfill campaign promises, including no tax on tips, overtime or Social Security.
Republican politicians and pundits have joined Gingrich’s critique of Trump’s potential tax hike, arguing Trump is repeating the same mistakes as Bush.
“[House] Speaker [Mike] Johnson and Republican members of Congress must have experienced collective déjà vu when President Trump urged Congress to raise taxes,” New England College President Wayne Lesperance, a veteran political scientist and political historian, told Fox News Digital.
“Harkening back to the infamous ‘Read my lips’ pledge made by George H. W. Bush at the 1988 GOP Convention, today’s Republicans must be nervous at the president’s change on what is a sacrosanct issue for the party — tax cuts. Interestingly, George H. W. Bush’s decision to break his pledge was surrounded by notably different circumstances,” Lesperance added.
In this Feb. 11, 1991, file photo, President George H. W. Bush talks to reporters in the Rose Garden of the White House in Washington, D.C., after meeting with top military advisors to discuss the Persian Gulf War. (AP Photo/Ron Edmonds, File)
But Lesperance reminded Republicans, who currently control the House and Senate, that Democrats could gain an edge in the 2026 midterms if tax hikes prove to be as unpopular among Republicans as they were in 1992.
“Facing a Democratically controlled Congress, Bush reneged on his pledge as a compromise to reduce the deficit and pass the 1990 budget agreement. Bush’s decision to compromise on taxes is widely credited with costing him his bid for re-election. As Speaker Johnson and Republican members of Congress look ahead to midterm elections, there must be collective worry that President Trump’s shifting position on taxes will cost them at the polls,” Lesperance said.
Longtime Republican consultant David Carney, a veteran of numerous GOP presidential campaigns, said the move by Bush “was probably the single most detrimental thing to his re-election.”
Then-Republican presidential candidate Donald Trump speaks during a campaign rally at Madison Square Garden in New York on Oct. 27, 2024. (Angela Weiss/AFP via Getty Images)
Carney, who served in the elder Bush’s White House and worked on his presidential campaigns, told Fox News “the deal he cut was excellent. He cut spending, balanced out the taxes.”
But Carney emphasized “all that’s inside baseball and the reality is it was a great opportunity for people from the right and the left to make hay out of it, and it was absolutely hurtful.”
However, fiscal conservatives remain optimistic that Trump won’t raise taxes, despite the president softening to the idea on social media on Friday morning.
“President Trump campaigned on not raising taxes, and we are confident that’s exactly what he’ll do,” Club for Growth President David McIntosh told Fox News Digital.
When reached for comment about the Bush comparison, the White House pointed to press secretary Karoline Leavitt’s comments during the White House briefing on Friday.
“The president wants tax cuts, the largest tax cuts in history,” Leavitt said. “He wants to extend his historic tax cuts from 2017, and he wants to see all the other tax priorities,” including no tax on tips, overtime or Social Security.
“The president has said he himself personally would not mind paying a little bit more to help the poor and the middle class and the working class in this country. I think, frankly, that’s a very honorable position. But again, these negotiations are ongoing on Capitol Hill, and the president will weigh in when he feels necessary,” she added.
Fox News Digital’s Elizabeth Elkind contributed to this report.
Politics
Video: Federal Agent Fatally Shoots Woman in Minneapolis
new video loaded: Federal Agent Fatally Shoots Woman in Minneapolis
transcript
transcript
Federal Agent Fatally Shoots Woman in Minneapolis
Federal officials claimed that the 37-year-old woman was trying to kill agents with a car in Minneapolis, while city and state officials disputed their account.
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“No! No! Shame — shame! What did you do?” “It was an act of domestic terrorism, what happened. It was — our ICE officers were out in an enforcement action. They got stuck in the snow because of the adverse weather that is in Minneapolis. They were attempting to push out their vehicle, and a woman attacked them and those surrounding them, and attempted to run them over and ram them with her vehicle. An officer of ours acted quickly and defensively shot to protect himself and the people around him.” “We’ve been warning for weeks that the Trump administration’s dangerous, sensationalized operations are a threat to our public safety.” “They are already trying to spin this as an action of self-defense. Having seen the video of myself, I want to tell everybody directly: That is bullshit. This was an agent recklessly using power that resulted in somebody dying — getting killed.” “Get out of the fucking car.” “No! No! Shame! [gunshots] Shame! Oh, my fucking God. What the fuck? What the fuck? You just fucking — what the fuck did you do?” “There is nothing to indicate that this woman was the target of any law enforcement investigation or activity. This woman was in her car, and it appears, then blocking the street because of the presence of federal law enforcement, which is obviously something that has been happening not just in Minneapolis, but around the country.”
By Jamie Leventhal and Devon Lum
January 7, 2026
Politics
Trump greenlights Russian sanctions bill, paving way for 500% tariff on countries supporting Moscow: Graham
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Sen. Lindsey Graham announced Wednesday that President Donald Trump has approved a Russian sanctions bill designed to pressure Moscow to end its war with Ukraine.
Graham revealed the development in a post on X, describing it as a pivotal shift in the U.S. approach to the Russia-Ukraine conflict.
“After a very productive meeting today with President Trump on a variety of issues, he greenlit the bipartisan Russia sanctions bill that I have been working on for months with Senator Blumenthal and many others,” Graham said.
“This will be well-timed, as Ukraine is making concessions for peace and Putin is all talk, continuing to kill the innocent.”
TRUMP TOUTS ‘TREMENDOUS PROGRESS’ BUT SAYS HE’LL MEET PUTIN AND ZELENSKYY ‘ONLY WHEN’ PEACE DEAL IS FINAL
Sen. Lindsey Graham, R-S.C., speaks during a news conference at the U.S. Capitol July 31, 2024, in Washington, D.C. (Kent Nishimura/Getty Images)
According to the Sanctioning Russia Act of 2025, the bipartisan legislation is designed to grant Trump sweeping, almost unprecedented, authority to economically isolate Russia and penalize major global economies that continue to trade with Moscow and finance its war against Ukraine.
Most notably, the bill would require the United States to impose a 500% tariff on all goods imported from any country that continues to purchase Russian oil, petroleum products or uranium. The measure would effectively squeeze Russia financially while deterring foreign governments from undermining U.S. sanctions.
TRUMP CASTS MADURO’S OUSTER AS ‘SMART’ MOVE AS RUSSIA, CHINA ENTER THE FRAY
President Donald Trump speaks during a meeting at the White House Oct. 14, 2025, in Washington, D.C. (Kevin Dietsch/Getty Images)
“This bill will allow President Trump to punish those countries who buy cheap Russian oil fueling Putin’s war machine,” Graham said.
“This bill would give President Trump tremendous leverage against countries like China, India and Brazil to incentivize them to stop buying the cheap Russian oil that provides the financing for Putin’s bloodbath against Ukraine.”
Graham said voting could take place as early as next week and that he is looking forward to a strong bipartisan vote.
US MILITARY SEIZES TWO SANCTIONED TANKERS IN ATLANTIC OCEAN
The vessel tanker Bella 1 was spotted in Singapore Strait after U.S. officials say the U.S. Coast Guard pursued an oil tanker in international waters near Venezuela. (Hakon Rimmereid/via Reuters)
The move on the Russian sanctions bill follows another sharp escalation in America’s clampdown on Moscow. Earlier Wednesday, U.S. forces reportedly seized an oil tanker attempting to transport sanctioned Venezuelan oil to Russia.
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Graham publicly celebrated the seizure in another post on X, describing it as part of a broader winning streak of U.S. intervention aimed at Venezuela and Cuba.
In the post, he also took aim at critics such as Sen. Rand Paul, who has opposed the bill, arguing that it would damage America’s trade relations with much of the world.
Fox News Digital reached out to the White House for comment.
Politics
ICE officer kills a Minneapolis driver in a deadly start to Trump’s latest immigration operation
An Immigration and Customs Enforcement officer shot and killed a Minneapolis driver on Wednesday during the Trump administration’s latest crackdown on a major American city — a shooting that federal officials said was an act of self-defense but that the mayor described as reckless and unnecessary.
The 37-year-old woman was shot in front of a family member during a traffic stop in a snowy residential neighborhood south of downtown Minneapolis, just a few blocks from some of the oldest immigrant markets and about a mile from where George Floyd was killed by police in 2020. Her killing quickly drew a crowd of hundreds of angry protesters.
Homeland Security Secretary Kristi Noem, while visiting Texas, described the incident as an “act of domestic terrorism” carried out against ICE officers by a woman who “attempted to run them over and rammed them with her vehicle. An officer of ours acted quickly and defensively, shot, to protect himself and the people around him.”
Emergency medical technicians carry a person on a stretcher at the scene of a shooting in Minneapolis on Wednesday.
(Ellen Schmidt / Associated Press)
But Minneapolis Mayor Jacob Frey blasted that characterization as “garbage” and criticized the federal deployment of more than 2,000 officers to the Twin Cities of Minneapolis and St. Paul as part of the immigration crackdown.
“What they are doing is not to provide safety in America. What they are doing is causing chaos and distrust,” Frey said, calling on the immigration agents to leave. “They’re ripping families apart. They’re sowing chaos on our streets, and in this case, quite literally killing people.
“They are already trying to spin this as an action of self-defense. Having seen the video myself, I wanna tell everybody directly, that is bullshit,” the mayor said.
Frey said he had a message for ICE: “Get the f— out of Minneapolis.”
Police tape surrounds a vehicle believed to be involved in a shooting by an ICE agent on Wednesday.
(Stephen Maturen / Getty Images)
A shooting caught on video
Videos taken by bystanders with different vantage points and posted to social media show an officer approaching an SUV stopped across the middle of the road, demanding the driver open the door and grabbing the handle. The Honda Pilot begins to pull forward, and a different ICE officer standing in front of the vehicle pulls his weapon and immediately fires at least two shots into the vehicle at close range, jumping back as the vehicle moves toward him.
It was not clear from the videos whether the vehicle made contact with the officer. The SUV then sped into two cars parked on a curb nearby before crashing to a stop. Witnesses screamed obscenities, expressing shock at what they’d seen.
After the shooting, emergency medical technicians tried to administer aid to the woman.
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“She was driving away and they killed her,” said resident Lynette Reini-Grandell, who was outdoors recording video on her phone.
The shooting marked a dramatic escalation of the latest in a series of immigration enforcement operations in major cities under the Trump administration. The death of the Minneapolis driver, whose name wasn’t immediately released, was at least the fifth linked to immigration crackdowns.
The Twin Cities have been on edge since DHS announced Tuesday that it had launched the operation, which is at least partly tied to allegations of fraud involving Somali residents. Noem confirmed Wednesday that DHS had deployed more than 2,000 officers to the area and said they had already made “hundreds and hundreds” of arrests.
Protesters react after being hit with chemical spray at the scene of a shooting in Minneapolis.
(Alex Kormann / Minnesota Star Tribune via AP)
A large throng of protesters gathered at the scene after the shooting, where they vented their anger at the local and federal officers who were there, including Gregory Bovino, a senior U.S. Customs and Border Patrol official who has been the face of crackdowns in Los Angeles, Chicago and elsewhere.
In a scene that hearkened back to the Los Angeles and Chicago crackdowns, bystanders heckled the officers, chanting “Shame! Shame! Shame!” and “ICE out of Minnesota,” and blew whistles that have become ubiquitous during the operations.
Shootings involving drivers during immigration actions have been an issue since the raids began in Southern California.
In August, masked U.S. Customs and Border Protection agents in San Bernardino opened fire on a truck they had stopped on a street. A video showed an agent demanding the driver roll down his window. When he refused, an agent shattered the window, the truck drove off and gunfire rang out.
When the driver got home, the family reported the incident to police. Federal authorities alleged an agent had been injured when the driver tried to “run them down.” But witnesses and video disputed some aspects of the official account.
In October, a well-known TikTok figure was shot by an agent during a standoff in Los Angeles. The U.S. attorney said the man rammed his vehicle into the law enforcement vehicles in front of and behind him, “spun the tires, spewing smoke and debris into the air, causing the car to fishtail and causing agents to worry for their safety.” But videos showed a much more complicated view of the situation. A federal judge recently dismissed the case against the driver, finding that he had been denied access to counsel while in immigration detention.
Governor calls for calm
In Minnesota on Wednesday, Gov. Tim Walz said he was prepared to deploy the National Guard if necessary. He said a family member of the driver was there to witness the killing, which he described as “predictable” and “avoidable.” He also said that, like many, he was outraged by the shooting but called on people to keep protests peaceful.
“They want a show. We can’t give it to them. We cannot,” the governor said during a news conference. “If you protest and express your 1st Amendment rights, please do so peacefully, as you always do. We can’t give them what they want.”
Minneapolis Police Chief Brian O’Hara briefly described the shooting to reporters but, unlike federal officials, gave no indication that the driver was trying to harm anyone. He said she had been shot in the head.
“This woman was in her vehicle and was blocking the roadway on Portland Avenue. … At some point a federal law enforcement officer approached her on foot and the vehicle began to drive off,” the chief said. “At least two shots were fired. The vehicle then crashed on the side of the roadway.”
There were calls on social media to prosecute the officer who shot the driver. Commissioner Bob Jacobson of the Minnesota Department of Public Safety said state authorities would investigate the shooting with federal authorities.
“Keep in mind that this is an investigation that is also in its infancy. So any speculation about what has happened would be just that,” Jacobson told reporters.
The shooting happened in the district of Democratic Rep. Ilhan Omar, who called it “state violence,” not law enforcement.
For nearly a year, migrant rights advocates and neighborhood activists across the Twin Cities have been preparing to mobilize in the event of an immigration enforcement surge. From houses of worship to mobile home parks, they have set up active online networks, scanned license plates for possible federal vehicles and bought whistles and other noise-making devices to alert neighborhoods of any enforcement presence.
Sullivan and Dell’Orto write for the Associated Press. Dell’Orto reported from St. Paul, Minn. AP writers Steve Karnowski in Minneapolis, Ed White in Detroit, Valerie Gonzalez in Brownsville, Texas, and Mark Vancleave in Las Vegas and Times staff contributed to this report.
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