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Republicans Warm to Millionaire Tax Hike
By
Erik Wasson
News April 08, 2025 at 01:08 PM
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What You Need To Know
- House Freedom Caucus Chairman Andy Harris says he is open to the creation of a new 40% tax bracket or those earning $1 million or more.
- The current top tax rate is 37% for individuals earning more than $626,350 a year.
- “You are only raising it a couple of points,” Harris said.
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