Trump admin considers raising taxes on Americans earning more than $1 million per year

New Photo - Trump admin considers raising taxes on Americans earning more than $1 million per year

Donald Trump is considering hiking taxes for Americans who earn more than $1 million a year in a bid to help finance his ambitious tax cuts. New details have emerged of closed-door discussions among high-ranking White House officials about the administration's 2025 tax legislation. Discussions are in the early stages, but Trump and some of his key officials - including Vice President JD Vance and Treasury Secretary Scott Bessent - are reportedly open to hiking taxes for the wealthy, The Washington Post reports.

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