Trump Pushes for Tax Hikes on Wealthy in GOP Bill | JQJO

President Trump urged House Speaker Mike Johnson to include tax increases on high earners and close the carried interest loophole in the Republican spending bill. This eleventh-hour request complicates negotiations as Republicans seek to offset the bill's costs, which include extending 2017 tax cuts, boosting defense and immigration funding, and raising the debt ceiling. While previously opposed, Republicans are now reconsidering raising the top tax rate to 39.6% for individuals earning over $2.5 million annually. The House Ways and Means Committee will address this next week, aiming for a pre-Memorial Day passage.