Last Updated Feb 5, 2018 3:16 PM EST
President Trump is delivering remarks in Cincinnati, Ohio to push his tax overhaul plan and manufacturing goals.
Mr. Trump is speaking to a group at the local Sheffer factory, a company that makes pneumatic and hydraulic cylinders for everything from the Space Shuttle to rock crushers and log-loading machines.
The president touted the tax plan’s benefits for manufacturing workers, saying he was able to deliver a “great Christmas present” to Americans. Over the course of Mr. Trump’s remarks, the Dow plunged nearly 1,500 points, dipping below 25,000.
Mr. Trump said his plan has “slashed” income taxes, “nearly doubled the standard dedution” and “doubled the child tax credit” which he said was “compliments very much of Ivanka Trump” adding that she “pressed” the president to include the benefit in his plan.
He said it was “pretty amazing” to deliver on the campaign promise but slammed Democrats for their lack of support of the plan.
“You can work hard but if you don’t have the right leader setting the right tone,” he added, “I am non-braggadocios.”
According to White House Press Secretary Sarah Huckabee Sanders, Sheffer gave $1,000 bonuses to its workers “because of the Trump tax cuts.”
Sanders added on Sunday that as a result of the tax plan, “a rebirth of American manufacturing and good paying jobs is taking place across our country.”
The president acknowledged workers from Sheffer to share what they’re going to do with the extra $1,000 bonus as a result of the tax plan. One employee said he was going to “save up money to start a family” and “get a bigger house.” Another said she’ll be using the “ongoing bonus in our paycheck” to help afford college tuition.
The president also looked ahead to the 2018 midterm elections during his remarks, saying he “looked forward” to beating Rep. Nancy Pelosi and Sen. Chuck Schumer who Mr. Trump said want to “raise your taxes.”
“Nancy Pelosi, what she’s doing to this country, and she’s gone so far left and Schumer’s gone so far left, oh I look forward to running against them,” he said.
He added, “We’ve got to do well in 18′ and I know we’re going to do well in 20,'” adding that because of the “tremendous success we’ve had, we’re going to do incredibly well in 18′.”
Mr. Trump called Pelosi his “secret weapon” saying “I just hope they don’t change her.” He also questioned how he was “supposed to make a deal” with Pelosi, alluding to upcoming negotiations as the government faces yet another threat of a shutdown on February 8th.
The president also shifted to his State of the Union address, suggesting that Democrats’ poor reactions to his speech were “un-American” even joking that the lack of applause was “treasonous.” He called the silence coming from Democrats “bad energy” and “like death.”
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