Trump vows tax reform will lead to gains in stock market, jobs – The Hill

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President Trump early Wednesday vowed that the stock market and employment would “grow by leaps and bounds” if Congress passes tax cuts he is proposing. 

“Stock Market has increased by 5.2 Trillion dollars since the election on November 8th, a 25% increase. 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,” the president said in a series of tweets. 

The president also blasted the news media for its coverage of the economy and the stock market, and targeted the Democrats’ approach to tax reform in subsequent tweets. 

“It would be really nice if the Fake News Media would report the virtually unprecedented Stock Market growth since the election.Need tax cuts,” he said. 

Trump and congressional Republicans are look to secure the first major legislative victory since Trump took office in the form of tax reform. 

Trump and Senate Republicans failed twice this year to deliver on their seven-year campaign promise to repeal and replace ObamaCare.