Source: NBC News
“President Donald Trump privately pressed House Speaker Mike Johnson, R-La., during a phone call Wednesday to add two additional proposals to the massive package for his agenda: one to raise the tax rate on the highest earners and the other to close the so-called carried interest loophole, according to a Republican leadership source, as well as two other GOP sources familiar with the call. Trump’s eleventh-hour requests add a new wrinkle to an already complicated process for Republican lawmakers as they desperately try to find enough savings for the bill, which seeks to extend his 2017 tax cuts, boost funding for immigration enforcement and defense and raise the debt limit. … The other GOP source familiar with the call said Trump is considering allowing the rate on individuals making $2.5 million or more annually to revert from 37% to the pre-2017 39.6% to protect Medicaid and help pay for middle- and working-class tax cuts.” (05/08/25)