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President Donald Trump is holding a "Make America Great Again Rally" in Pensacola, Florida, tonight, and Jesse Watters believes these campaign-style rallies are crucial to Trump maintaining a strong connection with his base.

On "The Five," Watters said Trump has always had a bond with the forgotten men and women of this country, and events like this are a significant part of that.

He said Trump's strong, outspoken defense of the flag, our shared history and the military just make that relationship stronger.

He noted that Trump will have plenty of good news and successes to speak about in Pensacola tonight, because he's backed up his campaign promises.

"He's not a typical politician. He's a man of action. He's a businessman, so he's actually followed through," Watters said, pointing to the thriving economy, the successful fight against ISIS, the appointment of Supreme Court Justice Neil Gorsuch and much more.

He acknowledged that one promise Trump has not followed through on is the top tax rate in the tax reform bill.

Trump campaigned on a top rate of 33 percent, but in both the House and Senate versions of the bill that number is around 38 or 39 percent, close to what it is under the current tax code.

"We need top tax reform badly. He campaigned on it. He said it was going to be Reagan-esque. It's more Mondale-esque," Watters said. "He's going to get criticized for it anyway. Why not do it?"

Watch more above, and tune in to Fox News Channel for full coverage of the rally.

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