Trump warns of 68% tax increase!

[gortex]

I think if successful businessman and Trump loyalist Musk thinks it's bad for America it's likely bad for America , I've seen it reported the bill could add around $4 Trillion to US National debt over the next 10 years which is already at eyewatering levels .
Trump's the 68% tax increase claim is likely a political tool plucked from thin air used as a scare tactic as it isn't in either CBO or JCT estimates from what I've read.

And then there's the estimated 12 Million Americans who could lose their health insurance

A sprawling budget bill in the US Senate could cut health insurance coverage for nearly 12 million Americans and add $3.3tn (£2.4tn) in debt, according to new estimates.

The assessment from the Congressional Budget Office, a non-partisan federal agency, could complicate Republican efforts to pass President Donald Trump's One Big Beautiful Bill Act in the coming days.
The spending plan narrowly cleared a preliminary vote in the Senate late on Saturday after party leaders scrambled to arm-twist hesitant members of their rank and file.

One defector, Senator Thom Tillis of North Carolina, announced he would not seek reelection after voting against the president's signature legislation.
https://www.bbc.co.uk/news/articles/cx2verel4nlo

Even these numbers understate the potential costs of the bill, since the legislation relies on a number of arbitrary expirations. Borrowing could rise by another $1 trillion –  to $5 trillion or more – if temporary provisions were made permanent.

The Senate should reject this bill and work toward a fiscally responsible alternative that reduces rather than explodes our high and rising debt.

https://www.crfb.org/blogs/cbo-score-sho...llion-debt