With Tax Reform close to becoming a reality, Donald Trump took time to address the situation at the White House. on Wednesday morning. After giving his speech about the potential passing of his Tax Bill, while calling out Hillary Clinton in the process, the president was hit with heavy backlash on social media.

Trump on taxes

Throughout the entire 2016 presidential election, Donald Trump vowed to change the current tax code and bring back the biggest tax reform since the days of Ronald Reagan in the 1980s. After his election win last November, the former host of "The Apprentice" felt optimistic about his plans due to the fact that Republicans hold a majority in both the Senate and the House of Representatives.

After an initial conflict with members of his own party, Trump and congressional Republicans were able to get on the same page and are now steps away from passing the bill in question. Despite this, opposition to the bill has grown, which non-partisan studies having shown that the bill will add as much as $1.7 trillion to the national debt, and raise taxes on middle income earners over the next decade. The hashtag "TaxScamBill" started trending on social media, leading to the president trying to control the narrative during a speech at the White House, as reported by ABC News on December 13.

At the White House on Wednesday afternoon, Donald Trump spoke about the tax plan and brought several families with him who he says will benefit from the bill.

"As a candidate, I promised we would pass a massive tax cut for the everyday working American family...now, we are just days away," Trump said as his eyes were glued to the teleprompter.

"I'm here today to tell you that we will never let bad things happen with respect to the economy of our country," Donald Trump went on to say.

The president also noted that the "typical family of 4 earning $75,000 will see an income tax cut of more than $2,000, slashing their tax bill in half." Later on in his speech, Trump took a shot at Hillary Clinton by saying "someone once called us 'the deplorables,' but we're proud to be the deplorables.'"

Twitter reaction

After Donald Trump gave his speech on tax reform, critics wasted no time firing back.

"Hmmm but let bad things happen to millions of kids that depend on #CHIP like Diabetic kids," one tweet read.

"With respect to the economy! Well he is the worst thing that has ever happened to our country.

Every day it gets worse," another tweet added. "Dude literally tanked @Boeing stock for half a day with his Twitter account just to show that he could," a Twitter user noted.

"This the same guy that's lied over 1600 times since January?" an additional tweet wondered. "How many bankruptcies has he gone through?," another social media user asked. The negative reactions continued to pour in as the opposition to the tax bill shows no signs of slowing down.