Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Politics

Trump warns of ‘whopping 68% tax increase’ if Senate fails to pass historic bill

by admin July 1, 2025
July 1, 2025
Trump warns of ‘whopping 68% tax increase’ if Senate fails to pass historic bill

As the Senate continued to inch closer to finalizing President Donald Trump’s ‘One Big Beautiful Bill,’ the president took to social media early Tuesday to warn that a failure to come to an agreement would end in the largest tax increase in history.

The message came after lawmakers had been in a marathon ‘vote-a-rama,’ for several hours, submitting amendments to the megabill from either side of the aisle.  

‘Republicans, the One Big Beautiful Bill, perhaps the greatest and most important of its kind in history, gives the largest Tax Cuts and Border Security ever, Jobs by the Millions, Military/Vets increases, and so much more. The failure to pass means a whopping 68% Tax increase, the largest in history!!!,’ he posted.

There is currently no end in sight as Republican leaders are searching for ways to garner support for the bill while simultaneously fighting proposed amendments from Democrats who are opposing it.

GOP leaders have a narrow margin and cannot afford to lose more than three Republican senators as two, Sen. Thom Tillis of North Carolina and Sen. Rand Paul of Kentucky has already indicated that they oppose it.

Tillis announced that he would not be seeking reelection after President Trump made threats of a campaign against him.

Senate Majority Leader John Thune of South Dakota said Republicans are ‘figuring out how to get to the end game,’ but an end to the vote-a-rama has been predicted to come well into the middle of the night.

The bill, if passed, will enact Trump’s domestic tax and spending agenda that includes $4.5 trillion in tax cuts, according to the latest CBO analysis. 

The package would also roll back billions in green energy tax credits threatening wind and solar investments, according to Democrats.

Billionaire Elon Musk, who until a few weeks ago led the Department of Government Efficiency (DOGE), took to social media late Monday, lashing out at Republicans as ‘the PORKY PIG PARTY!!’ for including a provision, he argued, would raise the nation’s debt limit by $5 trillion.

Trump fired back at Musk on Truth Social, threatening to turn DOGE on its former leader. 

‘Elon Musk knew, long before he so strongly Endorsed me for President, that I was strongly against the EV Mandate. It is ridiculous, and was always a major part of my campaign. Electric cars are fine, but not everyone should be forced to own one. Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa. No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE. Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!’ the president wrote. 

The bill will also impose $1.2 trillion in cuts to Medicaid and food stamps and make sign-up eligibility more rigorous and change federal reimbursements to states. It will also provide a $350 billion infusion for border and national security to include deportations.

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Trump’s achievements embolden him to be even more aggressive
next post
‘Antisemitic’ British band banned from US after viral ‘death to the IDF’ festival chants

Related Posts

Hamas to release 3 more hostages, including US...

February 1, 2025

Netanyahu gifts Fetterman a silver-plated beeper after he...

March 20, 2025

Conservatives unload on ‘political’ NYC prosecution of Trump...

May 30, 2024

Harvard, Trump battle for billions in federal funds...

July 22, 2025

Denmark in Trump’s crosshairs as Vance makes ambitious...

March 29, 2025

Musk deletes explosive posts about Trump and Epstein...

June 8, 2025

Trump-district Democrat warns party ‘in trouble’ ahead of...

March 25, 2025

JASON CHAFFETZ: Democrats have a major problem and...

March 17, 2025

RNC chair reveals what role Trump will play...

December 14, 2024

Rubio meets Saudi Arabian officials ahead of US-Russia...

February 18, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Tech Taps the Brakes, Homebuilders Hit the Gas: See the Rotation on StockCharts Today

      July 23, 2025
    • Trump calls for Obama to be criminally investigated, says he was Russiagate ‘ringleader’

      July 23, 2025
    • SCOOP: Dem fundraising giant ActBlue hit with subpoena by top House committees

      July 23, 2025
    • Dems seek retaliation over GOP cuts as Thune calls for ‘cooperation’ on funding vote

      July 23, 2025
    • GOP lawmakers advocate for US condemnation of persecution against Christians in Muslim-majority nations

      July 23, 2025

    Categories

    • Business (1,029)
    • Investing (2,670)
    • Politics (3,290)
    • Stocks (1,150)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved