Trump's bold ultimatum: US President warns of 'biggest tax increase in history' if Senate fails to pass 'big, beautiful bill'
- Posted on July 1, 2025
- By Business News Today
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Trump's bold ultimatum: US President warns of 'biggest tax increase in history' if Senate fails to pass 'big, beautiful bill'

Defending the 'One Big Beautiful Bill' as Republicans navigate marathon Senate session, US President Donald Trump has issued a final ultimatum, saying that he would a whopping 68 percent tax increase if Senate fails to pass the 'big, beautiful bill'. The bill has also reignited the feud between Trump and his former adviser-turned-critic Musk, the world's richest person.