House governors close the idea of raising the marginal tax rate for individuals who earn more than a million dollars annually.
On Monday, four Republican legislators told the Daily Clard News Foundation that they would not support raising the rate on the higher income tax segment as part of the “beautiful bill” currently described by Congress. Republicans ’opposition to roaming the following wealthy Reporting The legislators were considering raising the marginal tax rate of millions from 37 % to about 40 %. (Related: Trump indicates openness to the tax increase to the wealthy “middle class care”)
“I don’t think we will raise taxes on anyone, especially at the individual level,” Brandon Jill, Republican Representative Brandon, told DCNF. “We do not need to do this in order to work for the numbers for this reconciliation bill. We have already put it at home [bill] Instructions a few weeks ago. So this is not necessary to make this work. “
“All you will do is the suppression of the people who earn,” said Tim Porsket Republican Tim Porschet of a virtual scenario as Republicans in Congress forget the millionaire tax. “Instead of the prosperity of our economy, I think [you’re going to see] respression “.
“If you look at the top of 1 % … they pay for people who do not pay even taxes, this is great,” said Republican Representative Tennessee Diana Harshbarger told Dcnf. The idea of imposing a tax height on the highest owners of “pressure on the same people again and again” has moved again.
The Republican Representative South Carolina Ralph Norman also made the idea of imposing a tax on the high observers’ owners, describing the proposal as coming from the political and unprecedented left.
Trump He said He “loves the concept” of the millionaire tax as a means of “caring for the middle class”, but expressed concerns about the political consequences of raising taxes on the wealthy in interview With Time Magazine Friday.
“I have seen people losing the elections less, especially with fake news,” the president told Time.
Treasury Secretary Scott Bessin told reporters on Monday that the “millionaire tax” was no longer on the table.
Washington, DC, April 28: US Treasury Secretary Scott Besin speaks with correspondents after attending a meeting in the Capitol building on April 28, 2025 in Washington, DC. (Photo by Anna Monicak/Getty Erch)
The leadership of the Republican Party in the House of Representatives is committed to achieving at least 1.5 trillion dollars in reducing spending over a period of ten years to help pay the price of the president’s tax agenda and spending. Republicans in the House of Representatives also study many proposals to increase revenues to help pay the price of Trump’s various tax priorities, including the extension of good provisions in Trump’s tax cuts for 2017.
The age of the tax increase on the millionaires to pay 40 % will lead to approximately $ 420 billion of revenues over a decade, According to To the Yale Budget Laboratory.
However, the proposal will face long possibilities at a Republican conference resisting the idea of raising taxes on individuals at any level of income. Mike Johnson speaker He said Wednesday that Republicans in the House of Representatives “work against the idea.”
Treasury Secretary Scott Bessent told reporters on Monday that he is expected to pass a “great and beautiful bill” for the president on the fourth of July.
All the content created by Daily Caller News Foundation, which is the independent and non -partisan newswire service, is available without fees for any legal news publisher that can provide a large audience. All articles must include our logo, and the secondary line of our correspondent and their DCNF. To get any questions about our guidelines or partnership with us, please contact Licensing@dailycallernewsfoundation.org.