Trump: Reduced regulations, tax cuts ‘making us a powerhouse again’

Trump: Reduced regulations, tax cuts ‘making us a powerhouse again’
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President TrumpDonald TrumpTrump goes after Cassidy after saying he wouldn't support him for president in 2024 Jan. 6 panel lays out criminal contempt case against Bannon Hillicon Valley — Presented by Xerox — Agencies sound alarm over ransomware targeting agriculture groups MORE in an early morning tweet on Wednesday touted recent announcements from Disney and JPMorgan Chase, saying reduced regulations and tax cuts from the Republican-backed overhaul are making the U.S. a "powerhouse" again. 

"Tremendous investment by companies from all over the world being made in America. There has never been anything like it. Now Disney, J.P. Morgan Chase and many others. Massive Regulation Reduction and Tax Cuts are making us a powerhouse again," he said.

"Long way to go! Jobs, Jobs, Jobs!" 

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The two companies announced raises and bonuses for their employees on Tuesday. 

Disney said 125,000 of its employees would receive a $1,000 cash bonus, while JPMorgan Chase said 22,000 of its employees would receive raises. The bank also said it will add jobs and open 400 new locations in the U.S.

The GOP tax plan, which Trump signed into law last month, lowers the top corporate tax rate from 35 percent to 21 percent.