Trump Unveils Major Tax Bill Proposal with Potential for Significant Impact

U.S. President Donald Trump unveiled his ‘big beautiful bill,’ which is expected to have a substantial impact on the tax landscape. He praised Senate Majority Leader Thune for his efforts in advancing the legislation and highlighted that Democrats are actively attempting to block its passage. Trump warned that if the bill fails, it could lead to a 58% tax increase. He also emphasized that this proposed spending bill would represent the largest tax cut in U.S. history.