Trump threatens 68% tax hike if his 'big beautiful bill' doesn't pass
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President Donald Trump again pressured Senate Republicans to pass his massive spending and tax bill, warning that if the legislation doesn’t pass, American families will face a take hike of a ‘whopping 68 percent.’

Sen. Rand Paul (R-Ky.) is by far the most vocal critic of the bill in the Senate, claiming it would only bolster the federal debt. 

Other Republicans, including Senators Lisa Murkowski (Alaska), Susan Collins (Maine) and Thom Tillis (N.C.), have also voiced opposition, raising concerns that it won’t pass despite the party’s thin majority. 

The nonpartisan Tax Policy Center undercut Trump’s claim, estimating that if the tax cuts are not extended, the average taxpayer would see their taxes rise by 7.5 percent, or roughly $2,100.

Trump still called it the ‘most important’ spending bill in U.S. history, in a Truth Social post.

Departing the White House on Tuesday morning, the president said he would be returning from Florida after touring ‘Alligator Alcatraz’ to continue ‘fighting for the bill.’

‘I think we’re going to get there,’ Trump said of passing the bill. ‘It’s tough, we’re trying to bring it down – break it down so it’s really good for the country.’

But he also wavered on his own self-imposed July 4th timeline for a signing ceremony, saying, ‘It’s very hard to do July 4th.’

President Donald Trump warned taxes will hike by 68% if his 'big beautiful bill' doesn't pass the Senate, and told reporters he thinks it will pass by the deadline he set in a few days

President Donald Trump warned taxes will hike by 68% if his ‘big beautiful bill’ doesn’t pass the Senate, and told reporters he thinks it will pass by the deadline he set in a few days

Trump posted to Truth Social on Tuesday morning that 'failure to pass' will spell disaster for tax rates

Trump posted to Truth Social on Tuesday morning that ‘failure to pass’ will spell disaster for tax rates 

Other Republicans, including Senators Lisa Murkowski (above) have raised concerns

Other Republicans, including Senators Lisa Murkowski (above) have raised concerns 

Trump blasted Democrats, who are universally opposed to the bill in the Senate but have little power to stop it, saying they ‘they just want to destroy our country.’ 

‘It’s the best bill we’ve ever had, we can’t get one Democrat vote,’ Trump said.

Trump heralded  tax cuts the bill offers as well as the money for security and veterans, and claimed it would produce more jobs in the U.S.

Affluent households would receive the lion’s share of the tax cut, saving thousands of dollars while middle income earners would save hundreds of dollars, according to an estimate by MarketWatch.

‘The failure to pass means a whopping 68% Tax increase, the largest in history!!!’ he wrote to Truth Social on Tuesday morning.

On Saturday, the Senate voted to advance the One Big Beautiful Bill Act, setting off a ‘vote-a-rama,’ featuring a series of amendments allowing senators to tweak and change the legislation before a final vote. 

While some Republicans are confident they will meet the president’s July 4th deadline for passage, that will likely be determined by just a couple of senators who remain on the fence.  

Meanwhile, Trump and former ‘first buddy’ Elon Musk are publicly fighting about the bill again, creating new tensions as the bill hurtles toward a final vote.

The ‘one big beautiful bill’ was the principal reason that Trump and Musk saw a souring of their relationship earlier this year. It ultimately led to the tech boss exiting the White House.

Musk was vocal about his opposition to the so-called BBB, claiming that it would raise the U.S. debt and was counterproductive to the work he did at the Department of Government Efficiency (DOGE) to cut federal spending and reduce the inflated government workforce.

The president now claims that Musk only opposes the bill because it would slash the Electric Vehicle mandate, which benefits the billionaire’s car company, Tesla.

‘Elon Musk knew, long before he so strongly Endorsed me for President, that I was strongly against the EV Mandate,’ Trump posted to his Truth Social on Tuesday morning.

Trump and Elon Musk have been publicly feuding over the bill for the last few months ¿ with the president claiming that his former 'first buddy' only opposes the legislation because it nixes the electric vehicle mandate

Trump and Elon Musk have been publicly feuding over the bill for the last few months – with the president claiming that his former ‘first buddy’ only opposes the legislation because it nixes the electric vehicle mandate

'We might have to put DOGE on Elon,' Trump said on the South Lawn when speaking to reporters ahead of a trip to Florida to tour Alligator Alcatraz on July 1, 2025

‘We might have to put DOGE on Elon,’ Trump said on the South Lawn when speaking to reporters ahead of a trip to Florida to tour Alligator Alcatraz on July 1, 2025

In his post, Trump claimed the EV mandate forced Americans to buy electric cars instead of traditional ones, which would benefit the world’s richest man. Without the mandate, Trump said Musk might have to ‘close up shop and head back to South Africa.’

He threatened that DOGE, a group he created with Musk’s input, could now target SpaceX launches and EV production.

‘We might have to put DOGE on Elon,’ Trump said, joking that it was ‘the monster that might have to go back and eat Elon.’

‘Not everybody wants an electric car. I don’t,’ Trump added, noting he bought a Tesla earlier this year during happier times with Musk.

Trump also warned Musk could lose much more than EV credits.

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