Trump's 'Big, Beautiful Bill' Leaves Millionaire Tax Hike on the Cutting Room Floor

House Republicans have dropped plans for a new millionaire's tax hike in President Donald Trump's 'big, beautiful bill,' according to reports. The move comes as part of the committee's efforts to find alternative funding sources for other priorities outlined in the bill. The decision marks a significant shift in the bill's original plan, which aimed to raise taxes on high-income individuals to pay for its proposed spending programs. As a result, the bill's financing mechanism has undergone a substantial overhaul.