Trump pushes tax hikes for wealthy as 'big, beautiful bill' deadline looms

2 months ago 9

Rommie Analytics

House Republicans are trying to find the right cocktail of tax reductions and new revenue to pass President Donald Trump's "big, beautiful bill" by Memorial Day. No taxes on tips is politically popular and is a key campaign promise of the president, but a coalition of deficit hawks could block that if the GOP fails to find revenue to cover the gap. That is why the president pushed House Speaker Mike Johnson, R-La., this week to raise taxes on the super rich. Trump is considering allowing the rate on individuals making $2.5 million or more to increase by 2.6%, from...
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