Former President Trump has proposed raising taxes for the wealthiest Americans by introducing a new 39.6% tax bracket for individuals earning over $2.5 million, aiming to reverse parts of the 2017 tax cuts.
This proposal faces significant opposition from Republican lawmakers, who traditionally oppose tax rate increases, posing a challenge to its implementation.
Additionally, Trump's plan scrutinizes the carried interest tax break, likely impacting the venture capital and private equity sectors.
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