President Trump said Wednesday that the New York Times hit a new low by publishing a story raising questions about the way his father Fred Trump transferred his wealth to his children.

“The Failing New York Times did something I have never seen done before. They used the concept of ‘time value of money’ in doing a very old, boring and often told hit piece on me,” Trump tweeted Wednesday morning. “Added up, this means that 97% of their stories on me are bad. Never recovered from bad election call!”

While Trump was delivering a speech in Pennsylvania, the Times published a report alleging the Trump family engaged in fraudulent tax maneuvers that increase the fortune the president received from his father, equating to at least $413 million.

The report said a large portion of the funds came to Trump in exchange for his help in dodging taxes.

The White House released a statement Tuesday evening responding to the attack piece on the Trump family’s fortune.

"Fred Trump has been gone for nearly twenty years and it’s sad to witness this misleading attack against the Trump family by the failing New York Times,” White House press secretary Sarah Sanders wrote in a statement. “Many decades ago the IRS reviewed and signed off on these transactions. The New York Times’ and other media outlets‘ credibility with the American people is at an all-time low because they are consumed with attacking the president and his family 24/7 instead of reporting the news."

Trump claims that 97 percent of the stories the Times publishes on him are “bad.”

The president often claims that he got his start in business by obtaining a “small loan” of $1 million from his father.