Talk of raising taxes on millionaires swirls as Republicans draft Trump's 'big, beautiful bill'

Why not tax the millionaires? That question won't seem to go away as Congress begins drafting a package of tax breaks and spending cuts for President Donald Trump’s “big, beautiful bill." Trump himself has mused he’d “love” to tax wealthier Americans a little bit more. But the Republican president has also repeatedly walked it back. This week, Trump dismissed a tax hike on millionaires as “disruptive.” The old guard of the Republican Party sees almost any tax hike as contrary to the GOP brand, while populists view it as championing working-class voters. House Speaker Mike Johnson says he's “not in favor of raising the tax rates."