PANews reported on May 9 that according to sources, US President Trump is pushing to raise tax rates for some of the richest Americans to offset other tax cuts in his signature economic plan. Trump's proposal calls for the establishment of a new 39.6% tax bracket for individuals with annual income of at least $2.5 million or couples with income of $5 million. If approved by Congress, it will bring the top tax rate to the level before Trump's 2017 tax cut policy. The current top individual tax rate is 37%. Trump made this request in a phone call to House Speaker Johnson on Wednesday, and reiterated his desire to cancel the carried interest tax benefits enjoyed by venture capital and private equity fund managers.