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Trump’s surprising shift could put his plan in historical context with much higher rates from America’s past.
In a surprising political pivot, former President Donald Trump has indicated he’d support increasing taxes on the wealthiest Americans. His proposal would restore the top marginal tax rate to 39.6% for individuals earning $2.5 million or more annually, up from the current 37% that was set during his own administration. Trump reportedly pressed House Speaker Mike Johnson to consider the tax…
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