House Majority Leader Kevin McCarthy said Monday the federal government should not "punish people for being successful," responding to talk about a new, highest, fourth tax bracket.
"The simpler the better," McCarthy said in an interview with CNBC's "Squawk Box," referring to the GOP's tax reform plan. "I don't think we should punish people for being successful. I think we should encourage that."
The current tax plan calls for collapsing the current seven personal tax brackets to just three: 12, 25 and 35 percent and nearly doubles the standard deduction. The GOP has reportedly considered a fourth.
On the possibility of the fourth, the California Republican refused to confirm or deny it, saying only that House tax writers are "still working."
"People can work out the details, look at the others," McCarthy said. "I will wait until [The Committee] on Ways and Means comes out. That's their role."