Trump, Johnson Pour Cold Water on Proposal to Raise Top Marginal Rates

Trump Slams Door on Higher Tax Rate for the Rich

The idea of a mostly symbolic boost in income tax rates for the rich might have thwarted Democratic messaging and made it easier to pay for Trump’s agenda. But tax cut orthodoxy reigns supreme in the GOP as Trump and Mike Johnson said ‘no.’

Trump, Johnson Pour Cold Water on Proposal to Raise Top Marginal Rates

House Speaker Mike Johnson (R-La.) said he doesn’t expect that Republicans will pursue a tax increase for the wealthiest American earners, squelching long circulating speculation that top marginal tax rates might be allowed to increase under the GOP budget proposal. President Donald Trump also indicated in comments to the press from the Oval Office that he is uninterested in pursuing the proposal further. In an April 23 interview with Johnson, F…

Mike Johnson Says He’s ‘Working’ To Kill ‘Idea’ Of Hiking Taxes On Rich

'I would not expect that'