President Donald Trump said “trillions of dollars” are now being invested in the U.S., adding that the “Big Beautiful Bill” will be one of the “most successful” pieces of legislation to ever be passed.

U.S. President Donald Trump speaks to reporters on the South Lawn before boarding Marine One and departing the White House on July 01, 2025 in Washington, DC. (Photo by Anna Moneymaker/Getty Images)

Rounak Jain·Stocktwits

Updated Jul 02, 2025 | 8:31 PM GMT-04

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President Donald Trump on Wednesday talked about how his tax bill aims to stimulate economic growth in the U.S. after the 940-page legislation came under the threat of being sunk in the House after narrowly passing in the Senate on Tuesday.

In a post on Truth Social, President Trump said “trillions of dollars” are now being invested in the U.S., adding that the “Big Beautiful Bill” will be one of the “most successful” pieces of legislation to ever be passed.

“Our country will make a fortune this year, more than any of our competitors, but only if the Big, Beautiful Bill is PASSED! As they say, Trump’s been right about everything,” the President said in his post.

However, Trump conflated the potential revenue generated through tariffs with the tax bill, which is yet to be signed into law.

Meanwhile, U.S. equities edged up on Wednesday amid a see-saw movement so far.

At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was up 0.2%, while the Invesco QQQ Trust (QQQ) surged 0.5%. Stocktwits data shows retail sentiment around the S&P 500 ETF has been in the ‘bullish’ territory over the past week.

President Donald Trump's post on Truth Social

This also comes at a time when some House Republicans are reportedly trying to sink Trump’s tax bill over differences with the version that the Senate passed.

According to a report by the Wall Street Journal, there are enough dissidents among Republicans in the House that the passage of President Trump’s tax bill could be blocked.

An initial vote is reportedly being planned for Wednesday, allowing sufficient time for the bill to pass before President Trump’s July 4 deadline.

Among the dissidents is Rep. Ralph Norman (R., S.C.), who represents the House Freedom Caucus.

“Our bill has been completely changed—from the IRA credits to the deficit. This bill’s a nonstarter. We want to do this, but this bill doesn’t do what the president wants it to do,” Norman said.

Trump’s tax bill passed by the barest of margins in the Senate on Tuesday. It was tied at 50-50 and required Vice President JD Vance’s vote to push it over the line.

The Republican Party holds a slim 220-212 majority in the House, and it remains to be seen if President Trump’s team can muster enough votes to cross the finish line in time for the Fourth of July.

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