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Trump Says Tax Cuts Will Provide Further Boost To Stock Markets

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Noting the move by stocks to record highs since his election, President Donald Trump predicted Wednesday that his tax reform proposal would provide an additional boost to Wall Street and the economy.

"Stock Market has increased by 5.2 Trillion dollars since the election on November 8th, a 25% increase," Trump said in a post on Twitter.

He added, "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"

Trump also accused the media of ignoring the strength on Wall Street, which has lifted the Dow, Nasdaq and S&P 500 to record highs.

"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 tweeted.

The president also took a shot at Democrats, claiming they want to raise taxes and calling them soft on border security.

"The Democrats want MASSIVE tax increases & soft, crime producing borders. The Republicans want the biggest tax cut in history & the WALL!" Trump tweeted.

Trump's tax reform plan includes a reduction in the corporate tax rate to 20 percent from 35 percent, a consolidation in the personal income tax brackets to three from seven, and a sharp increase in the standard deduction.

(Photo: Michael Vadon)

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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