White House chief strategist Steve Bannon appears to be running against the grain of President Donald Trump’s tax-cut push, as the former Breitbart News executive reportedly is hoping for a top income tax bracket with a „4 in front of it.“
Axios reports Bannon is angling for a tax hike on America’s wealthiest citizens, who currently face a 39.6 percent federal tax burden.
The idea broadly fits into the populist ideology Bannon is said to embrace, as it reportedly would be used to offset tax cuts for middle- and working-class Americans. But it doesn’t mesh particularly well with the strategy thus far pushed by Trump, Treasury Secretary Steven Mnuchin and senior Republican lawmakers.