Trump says US economy would thrive should his tax cuts get approved by Congress

On Wednesday, President Donald Trump argued that his tax cut and reform plan supported by the White House would boost the already rising stock market, suggesting that his proposal would enhance the economy that has seen a drastic increase following his inauguration, according to POLITICO.

“Stock Market has increased by 5.2 Trillion dollars since the election on November 8th, a 25% increase,” President Trump tweeted early on Wednesday morning. “Lowest unemployment in 16 years and if Congress gives us the massive tax cuts (and reform) I am asking for, those numbers will grow by leaps and bounds. #MAGA”

Since President Trump is yet to bask in a major legislative victory, he and his supporters have often mentioned the stock market in the first several months of the Trump presidency as proof that his agenda — including the proposed tax measure and the annulment of a number of federal legislation — have bolstered the economy.

The President has taken credit for generally amending economic indicators, even though reports say that many have already seen a rise under the administration of former President Obama.

Also on Wednesday morning, Mr. Trump ripped into the news media and Democrats, blaming the media for not reporting the increase in the stock market during his time in office so far, and slamming Democrats of pushing for higher taxes and “crime-producing borders.”

“It would be really nice if the Fake News Media would report the virtually unprecedented Stock Market growth since the election. Need tax cuts,” Trump wrote on the social media. “The Democrats want MASSIVE tax increases & soft, crime-producing borders. The Republicans want the biggest tax cut in history & the WALL!”

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