Speaker Mike Johnson Voices Scepticism Over Rumoured Plans to Lift Top Tax Rate

Source: International Business Times

House Speaker Mike Johnson says he’s ‘not a big fan’ of raising the top tax rate to 40% for those earning over £780K. On 13 April 2025, House Speaker Mike Johnson, a Louisiana Republican, sparked debate by expressing reservations about a rumoured proposal to raise the top tax rate for Americans earning over £780,000 ($1 million) annually. The idea, reportedly floated within GOP circles to offset costs of an ambitious tax package, has met resistance from Johnson, who told Fox News Sunday, 'I'm not a big fan of that idea, I'll just say that'Yahoo News.