内容摘要：“In short, this legislation recognizes the strategic influence America has over this geography, not to mention the existing economic, cultural, and commercial might that we passively exert on the Gulf,” said Rep. Virginia Foxx, R-N.C.

“In short, this legislation recognizes the strategic influence America has over this geography, not to mention the existing economic, cultural, and commercial might that we passively exert on the Gulf,” said Rep. Virginia Foxx, R-N.C.

“I don’t think we’re raising taxes on anybody,” House, R-La., said this week on Fox News Channel.

Johnson said there have been lots of ideas thrown out but the Republicans are working against the idea of a tax on millionaires. “I’m not in favor of raising the tax rates because our party is the group that stands against that, traditionally,” he said.This spring and summer, the Republican-led Congress is determined to make progress on the package, which is. It revolves around extending many of

that Congress approved in 2017, during Trump’s first term, but are expiring later this year.As it stands, the top individual tax rate is now 37%, on annual incomes above $611,000 for single filers and $767,000 for married couples. If Congress fails to act, that rate is set to revert to what it was before the 2017 tax law, 39.6%, on top filers.

It seems impossible that Republicans in Congress will purposefully wade into the debate. They are striving to keep all the existing tax brackets in place, while adding new tax breaks the president campaigned on during the 2024 election — including no taxes on tips, Social Security income, overtime pay and others. It’s a potentially $5 trillion-plus package.

But the Bannon wing is working to force the issue, saying it’s time to raise that top rate on the wealthier households, at least $1 million and above.Associated Press writers Matt Brown, Mary Clare Jalonick and Leah Askarinam contributed to this report.

WASHINGTON (AP) — What, exactly, thestands for in terms of economic policy in the second

is a question reaching an inflection point.Is it the party that promotes free-market prosperity or a 21st-century populism?