President Donald Trump wants Congress to create a new tax bracket for Americans who earn $2.5 million-plus annually or couples making $5 million or more, according to people familiar with the discussions.
Trump spoke to Speaker Mike Johnson Wednesday night and pitched him the new tax structure. Under Trump’s plan, individuals in this new ultra-high income bracket would see their income tax rate increase from 37% to 39.6%. We scooped this news this afternoon.
