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Trump Warns of ’Massive Tax Hikes’ if Tax Bill Fails as Republicans Push Forward
Trump Warns of ’Massive Tax Hikes’ if Tax Bill Fails as Republicans Push Forward
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President TRUMP has intensified pressure on lawmakers by framing the tax bill as a critical shield against impending "massive tax hikes" for Americans. The so-called ’big beautiful bill’ now moves to the House of Representatives amid unresolved Republican divisions, despite a Budget Committee vote to advance the legislative agenda.
Economic tensions compound the political stakes—Trump’s tariffs continue to weigh on households despite a temporary 90-day reprieve. The administration’s push for tax relief now hinges on reconciling internal GOP disputes, with market participants watching for Ripple effects across fiscal policy-sensitive assets.
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