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Trump: ‘Fake News Media’ Won’t Report Market Growth

U.S. President Donald Trump delivers remarks on proposed changes to the U.S. tax code at the state fairgrounds in Indianapolis, Indiana, U.S. September 27, 2017. REUTERS/Jonathan ErnstU.S. President Donald Trump delivers remarks on proposed changes to the U.S. tax code at the state fairgrounds in Indianapolis, Indiana, U.S. September 27, 2017. REUTERS/Jonathan Ernst

President Donald Trump attacked the “fake news media” Wednesday morning in a series of tweets for not reporting on the stock market’s growth under his administration.

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

The tweets were immediately followed up with a quick one-two punch at Democrats and members of the media who Trump asserted don’t report on how well the economy is doing.

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

The president is scheduled to speak in Harrisburg, Penn., Wednesday on tax reform, underscoring an issue very important to the administration over the last few weeks.

A report from Business Insider revealed that Trump nearly sunk the deal based on the fact that Congress wanted to cut the corporate tax rate to 20 percent, instead of the 15 percent that he campaigned on. The current corporate tax rate is 35 percent.

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