BUSINESS
01/02/2013 11:43 am ET | Updated Jan 02, 2013

Anti-Tax Donald Trump Proposed Huge Tax Hike On Wealthy Back In 1999

The Donald Trump of today and the Donald Trump of 1999 probably wouldn’t be best buds.

It turns out the outspoken anti-tax Republican once floated a plan to implement a one-time 14.25 percent tax on individuals making over $10 million, CNN reported at the time. Today, the real estate developer is openly critical of the fiscal cliff deal, likely due to the expiration of tax cuts for wealthy individuals.

“We can put America on sound financial footing for the next century,” Trump wrote in his book The America We Deserve on the tax that was designed to eliminate the national debt of about $5 trillion, according to Slate. Currently, the national debt stands at about $16.3 trillion.

A little over a decade later, Trump would take the opposite stance. In 2010, Trump opposed President Obama’s plan to let the Bush-era tax cuts on the wealthy expire and months later he signed anti-tax lobbyist Grover Norquist's pledge to veto any new taxes.

The hypocrisy of the move wasn’t lost on Trump, however.

“It would have been a beautiful thing to do,” Trump told Evan McMorris-Santoro of his one-time tax plan in 2011. “But the world is different. Now you're talking about numbers that are so big, so astronomical, that what you have to do is put people to work, and you can't be raising taxes now.”

His fellow Republicans have failed to back him on that point. Following the announcement of the fiscal cliff deal earlier this week, Trump tweeted:

(Hat tip: reddit)

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