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'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

IndiaTimes Tuesday, 1 July 2025
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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Video Credit: Oneindia - Published
News video: Trump’s “Big Beautiful Bill” Passes Congress — Heads to his Desk for July 4th White House Power Play

Trump’s “Big Beautiful Bill” Passes Congress — Heads to his Desk for July 4th White House Power Play 03:22

In a massive second-term victory, U.S President Donald Trump’s $4.5 trillion “Big Beautiful Bill” has officially cleared the U.S. Congress. Passed by a narrow margin of 218–214 in the House, the legislation delivers sweeping tax cuts, permanent extensions of his 2017 reforms, and major...

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