Jewish advocacy groups slammed President Donald Trump for using an anti-Semitic descriptor on Thursday during his Iowa speech celebrating the passage of his spending bill. Trump used the term "Shylocks," which evokes a centuries-old antisemitic trope about Jewish people and greed, to talk about the tax changes in the bill.

Just hours after House Republicans crossed the finish line on the megabill — which extends tax cuts and slashes funding for social safety programs — the president delivered a speech at the “Salute To America” event at the Iowa State Fairgrounds ahead of the 250th anniversary of America’s independence.