Stated on June 5, 2025 in a Truth Social post:
If the “Big, Beautiful” tax and spending bill doesn’t pass, “there will be a 68% tax increase.”
Trump said if the "Big Beautiful" tax and spending bill doesn’t pass, "there will be a 68% tax increase."
If the 2017 tax law is not extended, independent analyses show that taxes will increase, but by far less than what Trump said.
The Tax Policy Center projects that the increase would be about 7.5% overall. The Tax Foundation broadly agreed with that assessment.
False.