President Donald Trump said he’s open to hiking taxes on wealthy Americans to help pay for Republicans’ sweeping tax and spending cuts package, but the idea remains hotly contested among GOP lawmakers on Capitol Hill.

In a post on social media, President Trump said he'd be open to raising taxes on rich people as part of negotiations over his "big beautiful bill." CBS News' Nikole Killion and Kelly O'Grady have the latest.

President Trump is half-heartedly floating the idea of raising taxes on rich people, creating a new tax bracket for those individuals earning more than $2.5. million. Why it matters: This isn't as meaningful as it looks — the few high-income people it affects won't likely feel too much pain from the proposal,

The U.S. House committee in charge of taxes released on Friday evening a partial text of its part of President Donald Trump's proposed tax agenda that would make his 2017 tax cuts permanent, leaving out contentious issues before a planned vote on Tuesday.

House Republicans rolled out the first pieces of a roughly $4 trillion tax cut they hope to pass, including measures that would last just for President Trump’s term.