President Donald Trump plans to release his much-anticipated budget for the fiscal year 2026 on May 2, Axios has reported.
In April, the House passed the budget supported by President Donald Trump that includes trillions in tax cuts and government spending. Now Republicans must work to merge the version passed by the Senate to create Trump's long envisioned "big, beautiful bill." Trump's budget set to arrive at Congress on Friday will give details on how the White House intends to pay for not only expenditures allocated to each agency but also how the administration intends to make up for revenue amid the president's proposed tax cuts. The government's fiscal year starts Oct. 1.
During a rally in Michigan on Wednesday, Trump lambasted those Democrats and Republicans opposing his bill accusing them of "grandstanding." Trump said his bill has "100 percent just about Republican support," adding 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."
Trump mocked Democrats saying taxes will go up by "68 percent" if his bill fails to pass. "Wait till you see the results of some of the things that we're doing. In the coming weeks and months we will pass the largest tax cuts in American history and that will include no tax on tips, no tax on Social Security, no tax on overtime, it's called the one big beautiful bill."
"It will be the biggest bill ever passed in our country's history. It will include the biggest tax cuts, regulation cuts, military supremacy and just about everything else," the president added.
James Morley III ✉
James Morley III is a writer with more than two decades of experience in entertainment, travel, technology, and science and nature.
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