Trump revives the idea of taxing the rich in budget bill

May 9 2025 by Fast Company

President Trump’s last ditch-push comes as Republicans are laboring to push his ‘big, beautiful bill’ toward public hearings next week before a House vote by Memorial Day.

After musing publicly and privately with the idea of raising the top tax rate for wealthy millionaires as Republicans draft his big bill in Congress, President Donald Trump early Friday backed off that call—sort of.

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