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International Business Times UK
International Business Times UK
World
Rohit David

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

House Speaker Mike Johnson says he’s ‘not a big fan’ of raising the top tax rate to 40% for those earning over £780K. (Credit: House Speaker Mike Johnson X)

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. With tax reform a hot topic, let's explore Johnson's stance, the context behind the rumour, and what it means for US taxpayers.

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