On May 1, President Trump stated that the 'big beautiful bill' currently in the works may be 'bigger than tariffs.' Trump praised Senate Majority Leader McConnell for his work on legislation and added that Democrats are 'trying to stop it everywhere.' He warned that 'if they succeed, it will mean a 58% tax increase.' Trump reiterated that the proposed spending bill would mean 'the largest tax cut in American history.'

On May 2, President Trump stated that he is working very hard on the 'big beautiful bill,' and if the big bill does not pass, taxes will increase by 68%.

Why does Trump have such a big beautiful bill? Because China has raised taxes, but China does not compromise, so the burden on American businesses has increased. The only way to alleviate this burden is through reductions. Of course, passing the bill would be a good thing, but if it does not pass, the direct burden on businesses will increase, which will significantly affect their profits, potentially impacting employee earnings or leading to an increase in unemployment rates and a drop in stock prices.

In summary, if it passes, taxes will go up; if it does not pass, there will be a long-term decline!