GOP rejects ‘millionaire tax’ pitch, advancing breaks for rich Americans
Legislation moving through Congress includes breaks for the upper and middle classes as the House rebuffs President Donald Trump’s suggestions.House Republicans rejected a push by some allies of President Donald Trump to include tax hikes on the rich in sweeping legislation they passed last week — a decision that could carry repercussions into next year’s elections.The legislation House Republicans approved last week extends tax cuts Trump signed into law in 2017, cutting rates across income groups, including large benefits for the Americans who pay the highest share of federal income tax — those in the top 5 percent of the...