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Key Words: Bannon on top income-tax rate: Put a 4 in front of it

About that reported Stephen Bannon ambition to raise taxes on America’s highest earners to fund tax cuts for those lower on the economic scale: It’s “anathema to most Republicans,” concedes Axios in its Monday exclusive, and, according to numerous observers, a legislative nonstarter, particularly in Speaker Paul Ryan’s House, to boot.

What it also is, though, is:

‘[C]lassic Bannon.’

Jonathan Swan, Axios

By that, reporter Jonathan Swan means, he goes on to explain, that it fits a template of iconoclastically thumbing a nose at the Republican establishment and doing so with a “maximalist” position.

According to Swan’s report, Bannon, President Trump’s chief White House strategist, is believed to have told colleagues that he wants to see the current top marginal income-tax rate, set at 39.6% in 2017, according to the Tax Foundation, boosted to a figure “with a 4 in front of it.

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