U.S. President Donald Trump privately urged House Speaker Mike Johnson during a phone call on Wednesday to raise the tax rate on the wealthiest Americans and close the carried interest loophole for Wall Street investors,

Trump privately pressed Johnson to increase the tax rate on the highest earners and close the so-called carried interest loophole.

"To fully extend and build upon the 2017 tax cuts, this means that the reconciliation bill must include at least $2 trillion in verifiable savings either through spending reductions or scaling back the size of the tax package," 32 House Republican hardliners told party leaders in a letter on Wednesday.

President Donald Trump turns to social media, posting Wednesday on his Truth Social platform to turn up pressure on Republicans in the House who are waffling on his "Big, Beautiful Bill."

A small band of GOP members representing districts in blue states wants to raise the limit on federal tax deductions for state and local taxes.