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Trump Wouldn't Mind Paying Higher Tax Rate: White House

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May 13, 2025

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President Donald Trump is pushing lawmakers to increase tax rates on some of the wealthiest Americans as a way to offset other cuts in his signature economic package. The president's proposal calls for creating a new 39.6% tax bracket for individuals earning at least $2.5 million, or couples making $5 million. Trump has sent mixed signals on raising taxes on the wealthy, but the proposal comes as lawmakers are struggling to find a way to pay for a multi-trillion-dollar package.

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Trump Wouldn't Mind Paying Higher Tax Rate: White House · Bloomberg News · Sentinel