Ryan: House Republicans to Keep Higher Tax Rate on Wealthy

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Ryan: House Republicans to Keep Higher Tax Rate on Wealthy

House Speaker Paul Ryan said Friday that Republicans will include a fourth income tax bracket in their tax-overhaul plan so that top earners "do not see a big rate cut."

"This is about the people, about half of which in this country are living paycheck to paycheck, and giving them a break on their taxes," Ryan said on "CBS This Morning." The speaker said he disagreed with White House economic adviser Gary Cohn’s statement that he can’t guarantee some middle-class Americans won’t pay more taxes under the plan.

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