Bannon proposal to raise top tax rate dismissed by White House official
Income-tax increase on wealthy to pay for middle-class cuts won't encourage growth, says Marc Short, Trump's director of legislative affairs.
A top income-tax rate of 44 percent for Americans earning more than $5 million per year isn't under consideration, a White House official said Monday, knocking down a proposal said to be backed by top Trump adviser Steve Bannon.
"I don't think that that's on the table right now, to be honest with y
Learn more about reprints and licensing for this article.