Trump's reported demand could upend tenuous negotiations around the "big, beautiful bill" he wants House Republicans to pass.

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%.

The president, who rejected a “millionaire tax” April 23, is now considering backing a tax structure that would return the top individual income-tax rate to 39.6% from 37% for people making over $2.5 million, according to people familiar with White House discussions.