Historically, Trump's statements on tax cuts have led to increased market confidence and a boost in stock prices, particularly in industries that are heavily influenced by consumer spending. The proposed tax cuts on tips, seniors' social security, and overtime may lead to increased disposable income, which could result in higher consumer spending and subsequently drive economic growth. This, in turn, may positively impact the stock market, especially for companies in the retail and hospitality sectors. However, it is essential to consider the potential regulatory and international trade implications of such tax cuts, as well as the potential increase in national debt. Overall, the market is likely to react positively to Trump's statement, at least in the short term, as it aligns with his stance on promoting economic growth and benefiting the middle and working class.