Discussion on Potential Tax Hike in Multi-Trillion-Dollar Bill

SOURCE www.foxnews.com
Rep. Nicole Malliotakis discusses a potential tax hike on wealthy Americans as part of a multi-trillion-dollar bill advancing President Trump's agenda. House Republicans are working on policies to provide tax relief for the working and middle class while considering ways to pay for it.

Key Points

  • House Republicans are considering a modest tax hike on wealthy Americans to fund tax relief for the working and middle class
  • The House Ways & Means Committee is critical in the budget reconciliation process
  • Reconciliation process lowers the Senate's passage threshold from 60 to 51

Pros

  • Potential tax relief for the working and middle class
  • Focus on funding President Trump's middle and working-class priorities

Cons

  • Possible tax hike on wealthy Americans