Trump warns of 68% tax hike if budget bill fails. Not true, say experts | Donald Trump News

US President Donald Trump has been sounding an alarm: if Congress doesn’t pass his tax and spending bill, Americans will be forced to pay much higher taxes.

Referring to his wide-ranging tax and spending legislation called the “One Big Beautiful Bill Act,” Trump said in a June 5 Truth Social post, “If this bill doesn’t pass, there will be a 68% tax increase.”

Trump cited the same figure in May 25 comments to…