White House Press Release - Ramifications of Not Passing the One Big Beautiful Bill

The One Big Beautiful Bill (OBBB) will result in surging U.S. growth and a blue-collar boom, help create millions of jobs, boost families' take-home pay, spur investment, and revitalize struggling communities. Failing to preserve President Trump's historic 2017 tax cuts would lead to a $4 trillion tax hike over 10 years, the largest nominal increase in history. An economic downturn would likely follow.