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.

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

President Donald Trump is quietly pushing Speaker Mike Johnson, R-La., to raise taxes on wealthy Americans as Republicans negotiate the commander-in-chief's "big, beautiful bill." Trump spoke with Johnson by phone on Wednesday and made the case for raising taxes on top income earners and closing the carried interest loophole,

President Donald Trump could upend decades of Republican tax orthodoxy with new proposals to raise taxes on wealthy Americans and Wall Street and Silicon Valley investors.

The president is said to want to create a new top income bracket for people making more than $2.5 million per year and to tax income above that level at a rate of 39.6 percent.

President Donald Trump asked House leadership to consider an increase in the top tax rate for those making millions of dollars a year, a proposition some Republicans are wary of as they look to reach significant slashes in spending to pay for an extension of the tax cuts.