Trump calls on Congress to pass the largest tax cut in American history, claiming it will achieve a GDP rise of 3.3 to 3.8% in the short term.

On May 1, according to an official announcement from the White House, President Trump once again called on Congress to pass the “big and beautiful bill,” which is the largest tax cut measure in American history. Once the bill is passed, it is expected to: increase real GDP by 3.3 to 3.8% in the short term; increase real GDP by 2.6 to 3.2% in the long term; raise real wages by $3,300 per year; increase middle-class family income by $5,000 per year; and create 4.1 million new jobs.