A Millionaire Tax? Trump Says It Could Happen
A new top income tax bracket of 39.6 percent for those earning more than $2.5 million is reportedly on the president’s mind.
BY BRIAN CONTRERAS, STAFF REPORTER @_B_CONTRERAS_
Photos: Getty Images
It’s not a traditional Republican talking point—but President Trump is not a traditional Republican.
The two-term chief executive has opened the door for a tax hike on the top-earning Americans, new reporting indicates, putting the president at odds with tax-shy GOP allies as he tries to appeal to his more populist MAGA base and reshape American tax policy in the years ahead.
Trump has asked Speaker of the House Mike Johnson to create a new top income tax bracket that would have Americans earning more than $2.5 million a year pay a 39.6 percent tax on all money above that threshold, The New York Times reported last Thursday, citing two unnamed insiders. Sources cited by The Hill © Inc.com
