Millionaire Tax Hike Gains Steam as Trump Signals Openness

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.