Republicans consider increasing taxes on the rich in break from party orthodoxy
Republicans in Congress are considering increasing taxes on the rich as a part of President Trump’s “big beautiful bill” of ambitious legislative priorities, a striking development that breaks with decades of party orthodoxy and is spurring alarm bells from traditional conservatives. The discussions are in the early stages, and lawmakers say it is possible that no tax hike makes it in the final legislation. But the once-inconceivable consideration of tax increases underscores the tricky task...
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