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Al Jazeera
Al Jazeera
Politics

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

President Donald Trump has repeatedly warned of a 68 percent tax increase if his bill doesn't pass [File: LM Otero/AP Photo]

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.”

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