Explaining Trump’s claim of a ‘68 percent’ tax increase

Explaining Trump’s claim of a ‘68 percent’ tax increase

by Saranac Hale Spencer The Urban-Brookings Tax Policy Center estimates that, on average, Americans’ taxes would rise about 7.5 percent if the 2017 tax cuts are allowed to fully expire at the end of the year. But President Donald Trump has repeatedly claimed that if the Republican budget bill, called the One Big Beautiful Bill Act, doesn’t pass, Americans “will get a 68 percent tax increase.” The White House did not respond to our request for in…