Trump urged Speaker Johnson to raise top tax rate, source says

WASHINGTON (Reuters) -U.S. President Donald Trump privately urged House of Representatives Speaker Mike Johnson during a telephone telephone connected Wednesday to rise the apical taxation complaint and adjacent the carried involvement loophole successful upcoming legislation, a idiosyncratic acquainted with the speech said connected Thursday.

Trump and Johnson spoke arsenic the Republican-controlled House sought to beforehand the president's legislative agenda, which would widen his 2017 Tax Cuts and Jobs Act for businesses and individuals, portion eliminating taxes connected extremity income, overtime wage and Social Security benefits.

Johnson and different apical Republicans person resisted the thought of expanding the taxation complaint connected affluent Americans up until now. Treasury Secretary Scott Bessent told reporters past week that Trump had ruled retired the idea.

But the enactment has remained nether unit from Trump's populist MAGA supporters to bounds taxation breaks for affluent individuals and businesses.

Representative Jason Smith, who chairs the tax-writing House Ways & Means Committee, said successful a caller interrogation that his sheet could adjacent taxation loopholes that payment the rich.

(Reporting by Jasper Ward; Editing by Alistair Bell)