Trump Asked To Explain Why Not Passing Big Beautiful Bill Would Lead To 68 Percent Tax Increase

Speaking to reporters in the Oval Office on Friday, President Trump spoke about an increase in taxes if the Big Beautiful Bill isn't passed.

Transcript

00:00On taxes, Mr. President, could you please explain how taxes would go up by 68% if the bill isn't

00:07passed? Where does that number come from? Well, it comes from the fact that you have

00:10automatically the Trump cuts, which were the biggest cuts that we've ever had. Now,

00:14these cuts are even bigger, but from the last administration with the Trump cuts,

00:19it was a five-year deal and it comes due. When you add that to the cuts that you already have

00:24and other things, amounts according to what they tell me about 68%, that would mean you'd have a

00:31tax so that you know that the tax cuts that they got, the biggest tax cuts in our history,

00:38would immediately go up to that level and that alone is a big chunk of the 68%. And then you have

00:45the other taxes that would accumulate and they say that you'd have about a 68% tax increase.

00:51Sir, you said,