'Biggest tax increase in history': Donald Trump warns of...

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2025-07-01 06:00:29 -

'Biggest tax increase in history': Donald Trump warns of 68% hike if 'One Big Beautiful Bill' not passed; Senate in final push to pass spending bill

President Trump warned of a potential 68% tax hike if Congress fails to pass the One Big Beautiful Bill Act (OBBBA). The bill aims for tax cuts, border security, and increased military spending. Senate deliberations face uncertainty, with Republicans divided over Medicaid access, debt limits, and spending cuts, jeopardizing the bill's passage before Trump's deadline.

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