https://www.taxtmi.com/news?id=42046 A debate has emerged within Republican policymaking over a millionaires' tax as Congress drafts a major tax package built on extending 2017 tax cuts and adding new exemptions; proponents argue a top-rate increase on the wealthiest would raise revenue to address federal deficits and offset new tax preferences, while traditional anti-tax conservatives and no-tax pledge signatories resist, citing political risk and a preference for spending cuts or budgetary baselining to finance the package. en-us Sat, 26 Apr 2025 03:16:04 +0530 Sat, 26 Apr 2025 03:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=42046 A debate has emerged within Republican policymaking over a millionaires' tax as Congress drafts a major tax package built on extending 2017 tax cuts and adding new exemptions; proponents argue a top-rate increase on the wealthiest would raise revenue to address federal deficits and offset new tax preferences, while traditional anti-tax conservatives and no-tax pledge signatories resist, citing political risk and a preference for spending cuts or budgetary baselining to finance the package. News - Sat, 26 Apr 2025 03:16:04 +0530 https://www.taxtmi.com/news?id=42046