US President Donald Trump speaks at a fundraising breakfast at a restaurant in New York, New York on December 2, 2017. President Donald Trump hailed the tax cut bill passed by the Senate overnight, the latest step toward what could be a major victory for
President Donald Trump, fresh off a victory in the Senate that puts him a step closer to passing a huge tax-cut bill by year-end, and with the U.S. stock market near record highs, declared himself “unbeatable” for 2020.
“Unless they have somebody that we don’t know about, right now we’re unbeatable,” Trump said Saturday at a Trump Victory Fund finance breakfast in New York City.
“One of the reasons is what’s happening with the markets, what’s happening with business, what’s happening with jobs,” Trump told about 450 attendees at the midtown restaurant Cipriani -- the first of three fundraising events for the day that are expected to raise about $6 million.
Trump also said that the rise in many people’s 401k balances in line with the stock market’s surge to record highs would make a good campaign line.
The Senate early Saturday narrowly approved the most sweeping rewrite of the U.S. tax code in three decades, slashing the corporate tax rate and providing temporary tax-rate cuts for most Americans. Its version still needs to be reconciled with the one passed by the House in November.
