For the first time in decades, a Republican President is championing a tax increase on the ultra-wealthy. President Donald Trump’s tax plan proposes raising the top marginal tax rate from 37% to 39.6% for individuals earning $2.5 million or more and couples earning $5 million or more. Additionally, the plan targets loopholes like the carried interest loophole, which has allowed private equity, hedge fund, and venture capital managers to tax their compensation at the lower capital gains rate of 20% instead of the ordinary income rate of up to 39.6%. Bloomberg

This policy is not just strategic optics for a Republican Party balancing its traditional affluent base with its growing rural and working-class supporters—it’s sound policy. For too long, an entrenched managerial elite has dominated Congress, prioritizing lobbyists over the electorate. This elite has overseen an economy that has hollowed out the middle class, with jobs outsourced, wages undercut by immigration, and soaring costs for housing and childcare. Communities have crumbled as a result. Trump’s plan signals a shift, reorienting policy toward America’s working men and women.

The American people have a fighter in the White House. Despite resistance from the political establishment, Trump is leveraging the executive branch to challenge the status quo. His administration is staffing loyalists and streamlining the civil service, setting the stage for lasting change. However, this revolution risks judicial overreach—a district court judge could attempt to interfere with fiscal policy, undermining the will of the voters.

Republicans in Congress cannot afford to block this plan. Trump campaigned on protecting essential programs like Social Security while cutting taxes for service workers and retirees. To deliver, Congress must turn away from the elite donors who have long dictated policy. Passing this tax hike on the wealthy will signal a new GOP elite—one aligned with the working class. Failure to act risks alienating the base that has rallied behind Trump since 2015, potentially triggering a political reckoning.

The Democratic Party, meanwhile, has lost its way, treating voters as fragmented blocs rather than unified Americans. Their inability to govern has eroded public trust, leaving the right to compete as the people’s champion. The old guard—neoconservatives and RINOs—clings to a globalist, America Last mentality that prioritizes GDP over workers. This approach has failed electorally since 2004 and cannot be revived. The new right, by contrast, is worker-oriented, advocating for policies like work requirements for Medicaid to ensure fairness and dismantling regulations that inflate costs for cars, HVAC units, and consumer goods.

Beyond economics, the new right addresses cultural and social issues. It opposes race- and gender-based discrimination in private institutions, like universities and businesses, which persists despite America’s long fight for equality. It also tackles public health crises like obesity, the decline of in-person social connections, and anti-American sentiment within the culture. These issues reflect a broader failure of the current elite, who prioritize the pecuniary interests of the wealthy over the holistic needs of ordinary Americans.

The American people voted for a generational course correction in 2024, and Trump’s tax plan is a step toward delivering it. By raising taxes on the ultra-wealthy and closing loopholes, the government can fund programs and tax cuts for the most deserving while ensuring the rich pay their fair share. Congress must seize this moment to prove it listens to its constituents, not the uniparty elite. If it fails, the disillusionment of millions could reshape the GOP and American politics for decades to come.