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Tax Shift Marks Trump’s Latest Test of Conservative Orthodoxy

If he sticks to his position Sunday, it would mark a departure from Republican candidates dating back to Reagan. Still, he’s famously fickle and said Monday he’d been misunderstood.

Bloomberg business news — Tax Shift: Trump Makes Break From Conservative Orthodoxy

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May 9, 2016, 9:00 AM UTCUpdated onMay 9, 2016, 5:45 PM UTC

Donald Trump made a break from conservative orthodoxy on Sunday when he backed away from proposing large tax cuts for wealthy Americans.

“On my plan they're going down. But by the time it's negotiated, they'll go up,” the presumptive Republican presidential nominee said on ABC's This Week. “I am willing to pay more,” he said. “And you know what? The wealthy are willing to pay more. We've had a very good run.”