by Elizabeth Elkind at Fox Business
President Donald Trump is considering a small tax increase for wealthy Americans to help pay for his priorities to boost the middle and working classes.
A source familiar with Trump’s thinking told Fox News Digital that Trump is considering allowing the rate on individuals making $2.5 million or more to increase by 2.6%, from 37% to 39.6%.
He quietly pushed Speaker Mike Johnson, R-La., on the idea in a phone call on Wednesday, two people familiar with conversations told Fox News Digital.
It comes as Republicans work on a massive piece of legislation advancing Trump’s priorities on taxes, border security, immigration, energy, defense and the national debt, which the president has dubbed his “big, beautiful bill.”…
Continue Reading