Go to main contentsGo to main menu
Friday, September 18, 2026 at 1:27 AM

Harry Reid, worried abut rising debt under Trump, says rich should pay more taxes

Harry Reid, worried abut rising debt under Trump, says rich should pay more taxes


By Ray Hagar, Nevada Newsmakers



In the Las Vegas office of former Sen. Harry Reid, D-NV, hangs a letter in a frame. It is dated Nov. 8, 2010, days after Reid had secured an election victory over Republican challenger Sharron Angle. It marked Reid's final election fight. The former Senate Majority Leader would retire in 2017, after his term expired.



The letter read:



"Dear Harry:



Congratulations. You are amazing.



With best wishes,



Donald J. Trump"



"I've got this office spread with a bust of FDR, a picture of him up here, (pictures of) my mentor, (former Gov.) Mike O'Callaghan and Sen. Bryan," Reid said on Nevada Newsmakers. "So I thought I had to have a picture (of Trump) to show my bipartisanship."



Veteran Nevadan Journalist Ray Hagar is known for fair and tough reporting and invigorating commentary.


Reid and Trump go way back, Reid told host Sam Shad.



"He did fund raisers in his home for me, in the days he was a Democrat, or at least we thought he was," Reid said. "I've been to his home a number of times.



"I don't think he has been a very good president but I have always liked him," Reid said. "He is a very personable man."



One of Reid's biggest concerns with President Trump is his lack of concern for the mushrooming national debt.



"We have a president who seems not to care about the debt," Reid said of Trump.



Experts point to Trump's 2017 Tax Cuts and Jobs Act and growth in military and discretionary domestic spending as key culprits for the rising debt.



Plus, the U.S. government continues to spend more than it gathers in taxes -- despite a robust economy, according to a June 2019 report from the Congressional Budget Office. The federal government has spent about $800 million more than it took in during the first eight months of the current fiscal year, according to reports.



"What we have going on is not sustainable," Reid said. "We can't continue to do what we're doing."



The national debt -- teetering at $23 trillion -- is "one of the biggest problems facing the country," Reid said.



He's amazed how the Republican Party's view of the national debt has turned since he began his career in politics.



"I hate to keep saying this but it is true: When I was first elected to the House of Representatives and to the Senate and for several years after I was elected to the Senate, the No. 1 issue of the Republican Party was to lower the debt," Reid said. "We had all kinds of legislation that was passed, sequestration was established, things of that nature.



"But anymore, Republicans don't seem to give a damn about what the debt is. And, frankly, I don't hear the Democrats raising much hell about it either, and I think that's a mistake. I think the debt is not sustainable."



The government must raise taxes on the rich to combat the problem, Reid said.



"We can't get the Republicans to sign onto debt relief," he said. "That is what we have to do and there is only one way of doing it: We have to raise taxes for the rich."



The wealthy know they should be paying more taxes now, Reid said.



"We have to make sure that people who can afford it, pay more taxes," Reid said. "I know a few millionaires. I know a few billionaires. And frankly, I don't think any of them that I know would mind paying some more taxes. It is a myth that they don't want to pay more taxes.



"But whether they like it or not, they should pay more taxes," he added. "And that is the only way we are going to get this economy in the right position. The rich have to start doing more. We can't continue like this. We can't continue having one percent of the American people controlling most of the money in the country. And I said and I repeat without any qualms, the middle class is getting squeezed and we can't continue that way.



"The only way we can do this is we have to have more income," Reid said. "And where is that income going to come from? It can only come from rich people. The middle class, they are not going to be paying amounts of money that make up for what rich people are making. The rich are gonna have to bear the burden and they should."

Watch this episode of Nevada Newsmakers.

See the upcoming schedule of Nevada Newsmakers.


Share
Rate

Comment

Comments

COMMENTS
Comment author: Christopher Walsh Comment text: Could you look into the strong recurring smell around Fernley? It smells like sewage and it can be bad enough that people don’t want to be outside or open their windows. It would be helpful to get an investigative journalist help the Fernley residents get a clear answer from the City, NDEP, and any involved facilities. I was really disappointed that the smell was not disclosed by my realtor when I moved here. I enjoy Fernley and am seeing the improvements that are being made. With Appreciation Comment publication date: 9/12/26, 2:49 PM Comment source: Sewage spill near City of Fernley Municipal Well 9 Comment author: Alicia Euresti Comment text: We are all so blessed to have Pastor Matt and Mrs. Regina in this town. They have become a major part of pur family and our children adore them. Thank you both for all you do for qll of us. We love you!!!! Comment publication date: 9/6/26, 9:24 PM Comment source: Fascinating Fernley: Meet Your Neighbors at Living Faith Food Pantry Comment author: R Conley Comment text: Is the deputy receiving any additional training or reinforcing prior training? Comment publication date: 9/5/26, 10:08 AM Comment source: Inmate escapes from Fernley substation Comment author: Kayla Allen Comment text: Suzie was a wonderful woman. I was pleased to call her my "godmother" as she helped me to become a better version of myself. I think about her a lot. Comment publication date: 7/10/26, 8:31 PM Comment source: Susanne Lynn Foster Comment author: Sheena Nash Comment text: After the trivia night is over, I would love for you to print the questions. I grew up in Fernley and would be interested to see how many answers I know. The coin is beautiful. Congrats on 25 years as a city! Comment publication date: 6/22/26, 1:38 PM Comment source: City of Fernley planning 25th anniversary celebration with three days of community events C Comment author: Carl C. Hagen Comment text: Maybe there is more to this story than what is reported, but it seems to me that the businesses that are causing this problem ought to be paying for this, or at least a major portion of it. Why does the County have to pay the whole bill? Just my opinion. Comment publication date: 5/7/26, 10:26 AM Comment source: Storey County, Tesla partner to extend I-80 Patrick on-ramp