Trump Calls on Congress to Pass Largest Tax Cut in U.S. History, Says It Will Lead to Short-Term GDP Growth of 3.3 to 3.8%

BlockBeats News, May 1st, according to an official announcement from the White House, President Trump once again urged Congress to pass the "Big and Beautiful Bill," which represents the largest tax cut in U.S. history. Once passed, this bill is expected to:

Lead to a short-term actual GDP growth of 3.3 to 3.8% and a long-term actual GDP growth of 2.6 to 3.2%;

Result in an annual increase of $3,300 in real wages;

Cause an annual increase of $5,000 in middle-class household income;

Create an additional 4.1 million job opportunities.