Sunday, 01 Jun 2025

Speaker Mike Johnson says he's no 'big fan' of rumored idea to raise top tax rate

House Speaker Mike Johnson, R-La., addressed reported considerations to raise the top tax rate on Americans making $1 million or more annually, saying he's no "big fan" of the idea.


Speaker Mike Johnson says he's no 'big fan' of rumored idea to raise top tax rate

Though there are many discussions, thoughts and theories on how to get all the GOP's goals accomplished, Johnson said he wouldn't "put any money on any of [those] yet."

"You'll hear lots of rumors and lots of talk, but we'll see where it all lands."

Johnson voiced the need for consensus on the package, eyeing the 218 votes needed in the House and the 51 votes needed in the Senate for successful passage, assuring viewers that the bill will have reached an adequate "comfort level" before heading to the floor.

According to Bloomberg, the floated 39%-to-40% tax rate would affect those earning $1 million or more annually, a two-to-three percentage increase from the current 37% rate.

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