When President Donald Trump's chief strategist Steve Bannon internally floated a large tax hike on the wealthy, it was not met with the nervousness or fear you might expect from would-be opponents.
Instead, they laughed.
The idea received wide media attention and dominated tax policy conversations in Washington, D.C., this week, given the sway that Bannon has in the West Wing, and how thoroughly his idea broke with partisan orthodoxy. But fiscal hawks greeted the proposal with a collective yawn—some even openly mocking the idea—and other senior White House officials concede that it's likely going nowhere fast.
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