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Republicans Debate Hiking Top Tax Rate to 40% for Millionaires

Summary by Bloomberg
Republicans are weighing the creation of a new bracket for those earning $1 million or more to offset some of the costs of their tax bill, a stark departure from decades of GOP opposition to tax increases, according to people familiar with the matter.

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The Daily CallerThe Daily Caller
Right

‘Are They Crazy?’: Stephen Moore Lights Into GOP Reps Who Suggested ‘Millionaire Tax’

Stephen Moore criticized Republicans for suggesting increased corporate tax rates, while also saying “failure” to renew Trump’s tax cuts would be a "disaster."

·Washington, United States
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BloombergBloomberg
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BizTocBizToc
Lean Left

Republicans Debate Hiking Top Tax Rate to 40% for Millionaires

Republicans are weighing the creation of a new bracket for those earning $1 million or more to offset some of the costs of their tax bill, a stark departure from decades of GOP opposition to tax increases, according to people familiar with the matter.

·United States
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committeetounleashprosperity.comcommitteetounleashprosperity.com

Now Republicans Are Considering Raising Income Tax Rates Too

We’ve received confirmation that House Republicans are considering raising the highest income tax rate to “pay for” the Trump tax cut and no tax on tips. This is sheer fiscal idiocy and a cardinal fiscal sin. The Republicans were put on this earth to CUT tax rates, not to RAISE them. Reagan and Trump both provided concrete evidence that the best way to raise revenues is by flattening income tax rates rather than raising them. The post Now Republ…

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committeetounleashprosperity.com broke the news in on Thursday, April 3, 2025.
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