President Trump and Speaker Mike Johnson discuss a major tax cut bill they're negotiating. Trump calls it the largest tax cut in U.S. history and claims Democratic opposition would mean a roughly 58% tax increase. Johnson says they're working to include border and defense resources while preserving campaign tax cuts.
Questions this video answers
Donald Trump and Mike Johnson.
April 30, 2025.
He said it would mean a 58% tax hike (he also says "maybe a 60%" in the excerpt).
Chapters
So maybe the biggest thing we're working on, maybe bigger than tariffs in a certain sense, is the we call it the one big beautiful bill and that's wielding its way right now through the Senate. And John Thune has been actually amazing and the speaker has been so great. Congress, Mike Johnson has been really two guys. They get along great. And it's just been a beautiful, unified attack, really, because we have to attack because the Democrats are trying to stop it at every it would mean a 58% tax hike if they were successful and lots of other bad things beyond the tax hike. But with us, it will be the biggest tax cut in American history. How are we doing with the bill?
We're doing great. We're day in, day out, hour by hour, negotiations to make sure your stuff is in there and to make sure we have the border resources, the defense resources, and to save the American people some tax money and make sure all those tax cuts that you ran on are in there that help get people back into the workforce. And I think we're making a ton of progress.
I think we're doing well. Like I said, the biggest tax cut in the history of our country, and it would be the biggest tax increase if the Democrats are successful. They're the only people I've ever seen running for office where they want to increase taxes. But this would be a 58, maybe a 60% tax increase, unsustainable for the American people.