U.S. President Donald Trump privately urged House of Representatives Speaker Mike Johnson during a phone call on Wednesday to raise the top tax rate and close the carried interest loophole in upcoming legislation,

Trump privately pressed Johnson to increase the tax rate on the highest earners and close the so-called carried interest loophole.

As Republican leaders draft President Donald Trump’s big bill of $4.5 trillion in tax breaks and $1.5 trillion in spending cuts, dozens of more moderate Republicans from contested congressional districts have positioned themselves at the center of the negotiating table.

A small band of GOP members representing districts in blue states wants to raise the limit on federal tax deductions for state and local taxes.

Johnson has been meeting with moderate Republicans who are urging leadership to abandon the most controversial Medicaid cuts.

A small band of GOP members representing districts in blue states want to raise the limit on federal tax deductions for state and local taxes.

The White House is making a last-ditch push to raise taxes on the wealthiest Americans as part of President Trump’s “big beautiful bill,” as Republican lawmakers craft the final details of