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Millionaire Tax Hike Gains Steam as Trump Signals Openness
News April 15, 2025 at 03:24 PM
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What You Need To Know
- The House proposal would set the new rate at 40% for taxpayers earning $1 million or more a year.
- A White House official, speaking on the condition of anonymity to discuss private conversations, said Trump is open to the idea.
- Discussions about a new tax bracket for millionaires come as Republicans are looking for ways to pay for a sweeping tax bill.
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