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Trump says the proposed spending bill will mean "the largest tax cut in American history".
BlockBeats news, on May 1, U.S. President Trump stated that the "big beautiful bill" currently in the works might be "bigger than tariffs." Trump praised Senate Majority Leader McConnell for his legislative efforts and added that Democrats are "trying to stop it at every turn," warning that "if they succeed, it will mean a 58% tax increase." Trump reiterated that the proposed spending bill would represent "the largest tax cut in American history." (Jin10)