Trump to raise taxes on wealthy

Trump's chief advisor Steve Bannon is causing a stir inside the administration by pushing an idea that's anathema to most Republicans: raising taxes on the wealthiest Americans to pay for steep middle and working-class tax cuts. (Some officials who've heard Bannon's idea think it's crazy, but the President's chief strategist believes it's a potent populist idea.)

Bannon has told colleagues he wants the top income tax bracket to "have a 4 in front of it." (The top bracket is currently 39.6% for Americans who earn more than $418,400.)

While all the public attention has been going to health care, Trump aides are teeing up an extremely aggressive tax plan.

Needless to say, raising taxes is anathema to Republicans. Trump's Cabinet is packed with people who would rather cut taxes on the wealthy than raise it. It remains to be seen if Bannon can get his way.