Tax Hike on Mega-Millionaires Floated as GOP Debates Trump Bill

Senator Susan Collins floated a new proposal Wednesday to increase taxes on Americans making more than $100 million a year, the latest indication that Republicans’ work is far from done on the massive tax and spending bill President Donald Trump wants passed by July 4.

Republicans battled as the deadline approached over a range of disagreements including how deeply to cut social safety-net programs, what limit to set on deductions for state and local taxes and how to handle financial fallout for institutions such as rural hospitals.