US Republicans consider raising the top millionaire tax rate to 40%."
Internet reports that according to people familiar with the matter, Republicans in the United States are considering establishing a new tax bracket for people earning $1 million or more to offset some of the costs of the tax bill, which is completely different from the Republican Party's decades-old opposition to tax increases. According to people familiar with the matter, the new top tax rate will be between 39% and 40%. Trump administration officials and allies on Capitol Hill are beginning to draft a tax plan that they hope to pass in the coming months. In addition, Republicans are considering raising the top tax rate on incomes above $626,350 to 39.6% from the current 37%, which means the top tax rate will be restored to the level set by former President Obama.
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