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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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News video: US BREAKING: Vance SAVES Trump’s ‘Big, Beautiful Bill’ With Tie-Breaking Vote | Vance Saves The Day

US BREAKING: Vance SAVES Trump’s ‘Big, Beautiful Bill’ With Tie-Breaking Vote | Vance Saves The Day 03:07

Vice President J.D. Vance cast the tie-breaking vote in the Senate to pass Trump’s controversial "One Big, Beautiful Bill" after a night of intense Republican negotiations. The bill, which faced opposition over Medicaid and food stamp cuts, nearly failed due to concerns from Senator Lisa Murkowski....

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