President Trump Donald John TrumpOmar fires back at Trump over rally remarks: 'This is my country' Pelosi: Trump hurrying to fill SCOTUS seat so he can repeal ObamaCare Trump mocks Biden appearance, mask use ahead of first debate MORE took to Twitter on Monday to mock a Democratic lawmaker for introducing a bill to repeal the GOP tax cuts, writing the move was “too good to be true for Republicans.”

“A Democratic lawmaker just introduced a bill to Repeal the GOP Tax Cuts (no chance),” Trump tweeted on Memorial Day.

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Trump was responding to Rep. Jared Polis Jared Schutz PolisMore than 1,000 gather at Colorado racetrack to protest governor's coronavirus orders Over 300 LGBT leaders endorse Biden for president : 'The most pro-equality ticket in US history' Colorado GOP lawmaker, Michelle Malkin sue governor over coronavirus orders MORE (D-Colo.) who introduced a bill Wednesday that would undo the tax cuts passed by Republicans last year.

Polis’s legislation, titled the Students Over Special Interests Act, would repeal the GOP tax law and redirect the additional taxpayer money toward erasing student loan debt and making college more affordable.

Polis hit back at the president on Twitter, accusing the president and Republicans of standing up for "corporate special interests" with their legislation.

I proudly wrote the bill to repeal @RealDonaldTrump’s tax giveaways. Simple choice this election: President and GOP lose by cozying up to corporate special interests. We win by standing up for students, public schools, and families. RT if you agree. https://t.co/tShVAGuANE — Polis for Colorado (@PolisForCO) May 28, 2018

His bill is the first that would move to entirely reverse the GOP tax cuts and is unlikely to receive serious consideration while Republicans control both chambers of Congress.

House Minority Leader Nancy Pelosi (D-Calif.) and Senate Minority Leader Charles Schumer Chuck SchumerSenate Democrats introduce legislation to probe politicization of pandemic response Schumer interrupted during live briefing by heckler: 'Stop lying to the people' Jacobin editor: Primarying Schumer would force him to fight Trump's SCOTUS nominee MORE (D-N.Y.) unveiled a proposal Tuesday that would eliminate a tax cut for the top 1 percent of earners.

That money would be used to invest in pay raises for teachers.

—Updated at 6:36 p.m.