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President Donald Trump predicts massive tax increases if his budget bill fails

During a Michigan speech marking his first 100 days in office, President Donald Trump slammed Democrats and Republican “grandstanders” opposing his “big beautiful” budget reconciliation bill — saying that if they succeed Americans will see the “highest tax increase in history.”

He said that his bill has “100 percent, just about Republican support,” but said it “would be nice if we had just a couple of Democrats just to make sure, because, you know, every once in a while, you have a grandstander Republican. We have some grandstanders.” 

As the crowd booed, Trump noted there were “not many” Republicans opposing his bill, but he urged viewers to “remember who those grandstanders were and vote them the hell out of office.”

Trump cautioned that if the bill fails, the U.S. is “going to have the highest tax increase in history instead of the greatest tax cut in history.”

EXCLUSIVE: TRUMP TAX CUTS ‘TOP PRIORITY’ FOR CONGRESS, SAYS TOP HOUSE GOP LEADER

Trump and falling money image

During a speech in Michigan marking his first 100 days in office, President Donald Trump slammed Democrats and Republican “grandstanders” opposing his “big beautiful” budget reconciliation bill, saying if they succeed, Americans will see the “highest tax increase in history.” (Fox News/Getty Images)

“If the Democrats prevail on this bill, you get a 58% tax increase,” asking the crowd, “would you like that?”

“All my life I’ve been watching, and I’ve never heard people campaigning that they’re going to raise taxes. It’s always been, ‘We will reduce your taxes,’ Democrat, Republican. Now they go, we’re going to raise your taxes,” he said. “I’ve never seen all the years that they campaign: ‘We will raise your taxes.’ I said, ‘This country has gone crazy.’”

SCOOP: REPUBLICANS ROLL OUT $69B FUNDING PLAN FOR NEW CBP AGENTS, BUILDING BORDER WALL IN TRUMP BUDGET BILL

Trump speech

President Donald Trump addresses a joint session of Congress at the Capitol in Washington March 4, 2025.  (Ben Curtis/The Associated Press)

Though Democrats are sure to largely oppose Trump’s spending bill, Treasury Secretary Scott Bessent told reporters after a Monday meeting with Republican leaders that House and Senate GOP leaders are “in lockstep” on passing the budget bill.

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Republicans are seeking to fit Trump’s priorities on energy, defense, border security and taxes into the bill, as well as raise the debt ceiling — another item the president specifically asked GOP lawmakers to deal with.

Fox News Digital also recently reported that House Republicans are carving out $68.8 billion for Trump’s border wall and to hire more agents in the field amid talks on the spending bill to advance the commander-in-chief’s agenda.

Fox News Digital’s Liz Elkind and Kelly Phares contributed to this report.

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