'Not going to happen': Some in GOP no fan as White House flirts with hiking taxes on rich

'Not going to happen': Some in GOP no fan as White House flirts with hiking taxes on rich

Republicans in the White House, Senate, and House are discussing a possible new tax bracket that would raise taxes on very wealthy people — specifically those making $1 million or more per year.But not everyone in the GOP is thrilled with the notion.Bloomberg reported Tuesday that the plan "signals ...

White House quietly floats millionaire tax hike proposal in Congress as GOP leaders signal opposition – Your Capital Minds

White House aides are quietly floating a proposal within the House GOP that would raise the tax rate for people making more than $1 million to 40%, two sources familiar with discussions told Fox News Digital, to offset the cost of eliminating tips on overtime pay, tipped wages, and retirees’ Social Security. The sources stressed the discussions were only preliminary, and the plan is one of many being talked about as congressional Republicans wor…