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flag President Trump warns of a 68% tax hike, but experts predict a much lower 7.5% increase if 2017 cuts expire.

flag US President Donald Trump warns that without passing his "One Big Beautiful Bill Act," Americans face a 68% tax hike. flag However, experts say if the 2017 tax cuts expire, the actual increase would be around 7.5%. flag The Urban Institute-Brookings Institution Tax Policy Center and the Tax Foundation dispute Trump's claim, estimating lower increases, with households earning $67,000 or more likely to see a 7-8% rise.

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