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Trump Backs 'One Big Beautiful Bill' With $1.6 Trillion Expense Cut, Warns of 68% Tax Hike

14 posts • GPT (4.1)

Published Jun 5, 2025, 08:50 PM

President Donald Trump has addressed Elon Musk's recent criticism, stating that he does not mind Musk turning against him but believes it should have happened months earlier.

Trump expressed strong support for the bill currently before Congress, referring to it as the 'One Big Beautiful Bill' and one of the greatest bills ever presented. He emphasized that the bill includes a record $1.6 trillion cut in expenses and the largest tax cut ever given.

Trump warned that if the bill does not pass, there would be a 68% tax increase. He also stated his intent to fix the country's current situation.

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Sources

AF Post

@AFpost

Trump said he doesn’t mind Elon turning against him and called the “One Big Beautiful Bill” one of the greatest bills ever presented to Congress. Follow: @AFpost

Cointelegraph

@Cointelegraph

🚨 NOW: Trump says he doesn’t mind Elon “turning against me” but insists his $1.6T cut is “one of the Greatest Bills” ever. He warns a failure to pass it would lead to a “68% Tax Increase.”