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Trump considers tax hike on Americans making $2.5 million or more per year

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President Donald Trump is considering a small tax increase for wealthy Americans to help pay for his priorities to boost the middle and working classes.

A source familiar with Trump’s thinking told Fox News Digital that Trump is considering allowing the rate on individuals making $2.5 million or more to increase by 2.6%, from 37% to 39.6%.

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He quietly pushed Speaker Mike Johnson, R-La., on the idea in a phone call on Wednesday, two people familiar with conversations told Fox News Digital.

It comes as Republicans work on a massive piece of legislation advancing Trump’s priorities on taxes, border security, immigration, energy, defense and the national debt, which the president has dubbed his «big, beautiful bill.»

MEET THE TRUMP-PICKED LAWMAKERS GIVING SPEAKER JOHNSON A FULL HOUSE GOP CONFERENCE

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President Donald Trump is helping get House Republicans’ budget bill over the line. (Getty Images)

Differing projections show the bill is likely to add trillions of dollars to the country’s deficit over the next 10 years, so fiscal hawks are looking for ways to mitigate that and set up America for a less bloated government down the line by pairing the new priorities with deep spending cuts elsewhere.

The tax portion of the bill is expected to be the costliest portion. 

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Republicans are hoping to extend the 2017 Tax Cuts and Jobs Act (TCJA) as well as pay for newer Trump priorities like eliminating taxes on tips, overtime wages and retirees’ Social Security.

TCJA previously lowered taxes for the highest bracket from 39.6% to 37%, but that’s set to expire at the end of 2025. Trump wants to restore that top bracket, albeit for people making significantly more money than the current threshold. The current top tax bracket is $609,350 for single income earners.

The source familiar with Trump’s thinking said doing so would help pay for his «massive» tax cuts for the middle and working classes, as well as protect Medicaid coverage for millions of Americans.

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Punchbowl News first reported details of the Trump-Johnson phone call.

BROWN UNIVERSITY IN GOP CROSSHAIRS AFTER STUDENT’S DOGE-LIKE EMAIL KICKS OFF FRENZY

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President Donald Trump wants Republicans to cut taxes on tipped and overtime wages. (AP Photo/Evan Vucci)

It’s not clear yet what Republicans will decide, or even if they will ultimately decide to raise taxes on the highest earners – but details are expected to emerge in the coming days.

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The Ways & Means Committee, the House’s tax-writing panel, is expected to meet on Tuesday afternoon to advance that portion of Trump’s bill.

Talks about potential tax hikes on the wealthy have triggered a deep rift within the Republican Party. 

Mainstream conservatives have balked at discussions of raising rates on anyone, arguing it would have a negative impact on job creators, while populist and more moderate Republicans have floated such ideas in order to pay for Trump’s priorities to benefit the middle and working classes.

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«Raising taxes on America’s highest earners and biggest job creators makes no sense,» Marc Short, a former chief of staff to ex-Vice President Mike Pence and a key part of TCJA negotiations, told Fox News Digital.

«I don’t understand why there are some inside the current administration who are pushing Congress to raise the top rate, because again, these are America’s job creators.»

Former Vice President Mike Pence

Former Vice President Mike Pence and his allies are against raising taxes on the wealthy. (Drew Angerer/Getty Images)

Other Republicans told Fox News Digital in recent weeks that they believe the idea could be popular, however.

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«I’m open-minded to what the president or the treasury secretary may have in mind. And I would want to see some numbers behind it and how it would have an effect on the economy,» conservative Rep. Marlin Stutzman, R-Ind., told Fox News Digital in late April.

«What I’ve heard from people in the upper tax brackets is, you know, they’re willing to pay more as long as they know that it’s paying the debt down. They don’t want to see it go toward more spending.»

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Fox News Digital reached out to the White House and Johnson’s office for comment.

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American missionary kidnapped in Niger by suspected Islamist militants, sources say

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The U.S. government is aware of the kidnapping of an American Christian missionary in the West African nation of Niger, U.S. official sources told Fox News. 

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The sources told Fox News that they suspect that the missionary has been taken north to Islamic State-controlled areas where an offshoot of ISIS operates. 

«We are aware of reports of the kidnapping of a U.S. citizen in Niamey, Niger,» a State Department spokesperson said in a statement to Fox News. «Since we were alerted of the situation, our Embassy officials have been working with local authorities. It is a top priority for the Trump Administration to look after the safety of every American, and we are seeing efforts from across the U.S. Government to support the recovery and safe return of this U.S. citizen.»

MINNESOTA MISSIONARY, A FATHER OF 5, KILLED IN ‘ACT OF VIOLENCE’ IN ANGOLA

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Niger’s presidential palace in Niamey in 2023. The abduction reportedly took place only about 100 yards from the presidential palace.  (AFP via Getty Images)

The missionary is a pilot for the evangelical missionary agency Serving in Mission, according to Reuters.

Crowded street market in Niamey, Niger.

A general view of a crowded street market in Niamey, Niger, on May 17, 2023. The capital city has faced rising instability since the 2023 military coup that toppled President Mohamed Bazoum. (Michele Cattani / AFP via Getty Images)

TENNESSEE PASTOR KIDNAPPED AT GUNPOINT IN SOUTH AFRICA RECALLS ‘MIRACLE’ THAT SAVED HIS LIFE

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The abduction took place only about 100 yards from the presidential palace in Niamey, where ousted President Mohamed Bazoum has been held since he was toppled by a coup more than two years ago, according to CBS News. 

Following the kidnapping, the U.S. Embassy in Niger said it now requires all personnel to travel only in armored vehicles and announced that all restaurants and open-air markets are «off-limits».

Kidnappings appear to have intensified this year in areas of West Africa where militants operate. An Austrian woman was abducted in January in Niger, and a Swiss citizen was abducted in April in the same country, Reuters reported.

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Niger junta leader Gen. Abdourahamane Tchiani salutes during ceremony in Niamey.

Niger’s junta leader, Gen. Abdourahamane Tchiani, salutes during an official ceremony in Niamey, Niger, on Aug. 26, 2023. Tchiani seized power in a July 2023 coup that ousted President Mohamed Bazoum and has ruled the West African nation since. (AFP via Getty Images)

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In addition, five Indian citizens working for a company providing services to Niger’s Kandadji dam project were kidnapped during an attack by armed men in April that also killed a dozen soldiers, according to the outlet. 

This is a developing story. Please check back for updates.

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Fox News’ Jennifer Griffin contributed to this report. 



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Schumer blocks 12th GOP bid to reopen government as Trump says Democrats ‘lost the negotiation’

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The government shutdown meandered into its 22nd day with no end in sight after a 12th GOP attempt to reopen the government was stalled and then blocked by Senate Democrats on Wednesday evening. 

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Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus kneecapped Republicans’ bid to reopen the government for the 12th time. The latest failed vote comes as Schumer has demanded another meeting with President Donald Trump and on the heels of an almost 24-hour filibuster by Sen. Jeff Merkley, D-Ore, that pushed the vote late into Wednesday.

During his marathon floor speech, which began at 6:23 pm on Tuesday, Merkley spoke on authoritarianism — what he called the Trump Administration’s overreach on immigration, separation of powers, and more.

«Republicans have shut down the government to continue the strategy of slashing Americans’ healthcare,» Merkley said, referring to the healthcare-centered debate holding up consideration of the government’s funding.

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He concluded his remarks at 5:00 p.m. on Wed.

Little has changed in the upper chamber since the shutdown began. Schumer and the Senate Democratic caucus demand that there be a real, ironclad deal to extend expiring Obamacare subsidies, while Senate Republicans remain adamant that there is no path forward available on the matter until the government is reopened.

SCHUMER REQUESTS MEETING WITH TRUMP ‘ANY TIME, ANY PLACE’ AS DEMOCRAT STALEMATE DRAGS ON

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Senate Minority Leader Chuck Schumer, D-N.Y., steps away from reporters following a Democratic policy luncheon at the U.S. Capitol Building in Washington, Oct. 15, 2025. (Andrew Harnik/Getty Images)

But what is old is new in a repeating cycle, and Schumer wants to meet with Trump again.

Schumer, speaking on behalf of House Minority Leader Hakeem Jeffries, D-N.Y., requested another meeting with Trump ahead of the vote in a bid to go around Senate Majority Leader John Thune, R-S.D., and congressional Republicans to secure a deal.

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There have been informal talks — more casual conversation than true negotiation — between Republicans and Democrats, but nothing has materialized that puts lawmakers any closer to solving the ongoing stalemate.

«Hakeem and I reached out to the president today and urged him to sit down and negotiate with us to resolve the healthcare crisis, address it and end the Trump shutdown,» Schumer said. «He should sit — the things get worse every day for the American people. He should sit down with us, negotiate in a serious way before he goes away.»

The last time the top congressional Democrats met with Trump came just a day before the climactic vote to avert a shutdown. Neither side walked away with a compromise, or agreement, to keep the lights on.

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SENATE DEMS EMBOLDENED BY WEEKEND RALLIES BLOCK GOP PLAN TO END SHUTDOWN FOR 11TH TIME

President Donald Trump listens to speech from Senate Majority Leader John Thune, R-S.D.

President Donald Trump listens as Senate Majority Leader John Thune, R-S.D., speaks during a lunch with Republican senators on the Rose Garden patio at the White House in Washington, Oct. 21, 2025. (Manuel Balce Ceneta/AP)

Fast-forward to the shutdown’s fourth week, and Trump signaled he’d speak with Schumer and Jeffries — only after the government is reopened.

«The government has to be open,» he said. «You know how long it will take for them to do that? Just say, ‘OK, government is open.’ That’s it. There is nothing — They’re not negotiating.»  

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«What they’re doing is saying they lost the negotiation,» Trump continued. «And when we got the great ‘big beautiful [bill]’ done, they lost the negotiation. Now they’re saying, ‘Well, we want to get some of the things we lost.’ But the problem is the things they lost are very bad for our country.»

Congressional Democrats’ initial demands, made in a counter-proposal to the House-passed continuing resolution (CR), called for a permanent extension to the enhanced Obamacare premium tax credits and guardrails on Trump’s ability to claw back congressionally approved funding, among other things.

SCHUMER’S SHUTDOWN SCHEME EXPLAINED: DEMS DOUBLE DOWN ON OBAMACARE CREDITS AS STANDOFF DRAGS ON

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Senate Majority Leader John Thune, R-S.D., and House Speaker Mike Johnson, R-La., walk to a press conference in the Senate.

Senate Majority Leader John Thune, R-S.D., left, and House Speaker Mike Johnson, R-La., pictured at the US Capitol in Washington. (Kevin Dietsch/Getty Images)

A White House official doubled down on Trump’s position and told Fox News Digital, «We will not have policy conversations while the Democrats are holding the American people hostage. Reopen the government.»

While Democrats desire more than just an extension to the COVID-19-era subsidy, they’ve made their primary argument all about the tax credits.

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Thune offered Senate Democrats a vote on the subsidies, but so far they have declined to take the leap and instead are holding out for a guaranteed outcome in the shutdown fight. However, that is unlikely to come as Republicans and the White House, so far, are equally dug in against Schumer’s demands.

«I think [Trump] wants the Democrats to take ‘yes’ for an answer,» Thune said. «We’ve offered them a lot of the things they were asking for — a normal appropriations process, an opportunity to get a vote on some of the things that they want to see voted on, with respect to the expiring Obamacare enhanced subsidies. But that can’t happen until we open up the government.»

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Rodrigo Paz aseguró que Bolivia solo establecerá relaciones con países que “tengan la democracia como principio”

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El presidente electo de Bolivia, Rodrigo Paz (AP Foto/Natacha Pisarenko)

El presidente electo de Bolivia, Rodrigo Paz, anticipó que su gestión establecerá relaciones internacionales únicamente con naciones en las que la democracia sea un pilar fundamental.

Nuestro mensaje es claro, poner a Bolivia en el mundo y que el mundo venga a Bolivia, y para ello estamos haciendo todos los esfuerzos”, expresó.

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Paz describió una intensa agenda posterior al anuncio de los resultados preliminares de la inédita segunda vuelta electoral, donde, con casi el 99% de las actas computadas, aventaja con el 54,73% de los votos al ex presidente conservador Jorge Tuto Quiroga, quien obtuvo el 45,27%.

El nuevo mandatario subrayó que ha mantenido comunicación con más de una docena de jefes de Estado y representantes extranjeros que se han mostrado dispuestos a asistir a su investidura el próximo 8 de noviembre y a abrir nuevas etapas de cooperación.

El ex presidente conservador Jorge
El ex presidente conservador Jorge Tuto Quiroga, quien obtuvo el 45,27 % en el balotaje en Bolivia (REUTERS/Claudia Morales)

Hasta ahora hemos recibido saludos y compromisos de países que comparten los valores democráticos. Mi posición es firme: queremos una relación sólida, pero solamente con quienes entiendan la democracia como fondo”, reiteró Paz en diálogo con medios internacionales.

El presidente electo dejó claro que la política exterior de Bolivia tomará distancia respecto de gobiernos con prácticas que, a su juicio, no se ajustan a esos valores.

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Sobre el caso venezolano, afirmó que si bien existe una representación diplomática de Venezuela en La Paz, no comparte “la modalidad democrática que dicen” sostener en el país caribeño.

No la comparto y asumo que a futuro, nuestras relaciones (serán) dentro del marco de respeto, pero está claro que yo voy a tener una relación con países donde consideremos como Gobierno que tengan la democracia como un principio”, enfatizó.

Rodrigo Paz invitó a su
Rodrigo Paz invitó a su ceremonia de investidura a María Corina Machado y le manifestó su respaldo a la lucha por restablecer la democracia en Venezuela

Como parte de esta línea, Paz sostuvo una conversación telefónica con la líder opositora venezolana y Premio Nobel de la Paz 2025, María Corina Machado, a quien invitó formalmente a su ceremonia de investidura y le manifestó su respaldo a la lucha por restablecer la democracia en Venezuela.

El giro diplomático incluye el propósito de restablecer relaciones con Estados Unidos tras años de distanciamiento y vínculos reducidos desde la expulsión del embajador estadounidense en 2008 durante el gobierno de Evo Morales.

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Paz reveló que ya tuvo un primer acercamiento con el subsecretario de Estado norteamericano, Christopher Landau, y expresó su interés en una relación renovada.

Estados Unidos juega un rol preponderante con el cual vamos a restablecer, Dios mediante, si así es la voluntad de partes, nuestra relación”, dijo.

La postura del presidente electo también incluye el reconocimiento a diversos países del continente.

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El subsecretario de Estado norteamericano,
El subsecretario de Estado norteamericano, Christopher Landau (Yuki Iwamura/REUTERS)

“Agradezco a Argentina, Costa Rica, Ecuador, El Salvador, Panamá, Paraguay, República Dominicana, Trinidad y Tobago y EEUU por sus buenos deseos y su disposición a apoyar el proceso de estabilización de Bolivia”, señaló Paz.

Añadió que buscará “generar trabajo a futuro de cooperación y de crecimiento conjunto” tanto en la región como con otros continentes.

Sobre la cooperación internacional, Paz aclaró su preferencia por acercarse a organismos multilaterales sin urgencias financieras.

“No estoy cerrado a trabajar con estas entidades, pero es mejor ir con la casa ordenada, porque las cosas son más claras que cuando se acude en la necesidad de créditos que después son candados para el desarrollo”, explicó.

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El mandatario electo detalló que ya inició la transición con el gobierno saliente de Luis Arce y prevé recibir una amplia representación internacional en la toma de posesión, con el objetivo de inaugurar una nueva etapa para la presencia de Bolivia en la comunidad global.

(Con información de EFE)



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