Administration officials have discussed several options for doing so, including allowing the top tax rate to revert back to Obama-era levels. Treasury Secretary Scott Bessent has also floated creating a tax bracket for those earning more than $5 million per year.
The current top tax bracket, which pays a 37 percent rate, applies to those with more than $626,350 in earnings, or $751,600 for married couples filing jointly.
Trump is also seeking to close a tax loophole that allows investment fund managers to pay lower tax rates, and another that would subject major stadium and arena owners to higher tax bills, the people said.
The White House did not immediately respond to a request for comment. Johnson’s office declined to comment.
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