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, Fox News anchor Will Cain cited reports that Trump was considering pushing the top marginal tax rates to around 39 or 40 percent to cover his campaign promise of “No taxes on tips.”…