Speaking at a 'Trump Victory' fundraising breakfast, President Donald Trump touts the tax cut vote in the Senate, saying ''It's the largest tax decrease in the history of our country by far -- it's not even close.'' Rough Cut (no reporter narration).
ROUGH CUT (NO REPORTER NARRATION) "It's the largest tax decrease in the history of our country by far -- it's not even close," said U.S. President Donald Trump after the Senate narrowly approved a tax overhaul on Saturday (December 2). Trump spoke at a 'Trump Victory' fundraising breakfast in New York City on Saturday, where he expressed gratitude for the Senate vote but slammed Democrats for not taking part. The president said, "The Democrats left before the vote was even -- somebody said 'started', somebody said 'before it was over' -- I don't even care." Republicans and Trump are a big step closer to their goal of slashing taxes for businesses and the rich while offering everyday Americans a mixed bag of changes. In what would be the largest change to U.S. tax laws since the 1980s, Republicans want to add $1.4 trillion over 10 years to the $20 trillion national debt to finance changes that they say would further boost an already growing economy. Trump, speaking to reporters as he left the White House for New York hours after the pre-dawn vote, praised the Senate for passing "tremendous tax reform" and said "people are going to be very, very happy". U.S. stock markets have rallied for months in the hope that Washington would provide significant tax cuts for corporations. Celebrating their Senate victory, Republican leaders predicted the tax cuts would encourage U.S. companies to invest more and boost economic growth.