President Trump Signs Tax Reform Bill into Law

President Donald Trump signed the Republican tax cut bill Friday morning before leaving for his Christmas break in Florida.

He also signed the continuing resolution that will keep the government open through January 19. That includes $4 billion for missile defense.

The House and Senate passed the tax measure into law earlier this week, delivering Trump his first major legislative victory of his first year in office.

Trump touted the tax measure as a bill that has something for everyone.

“All of this, everything in here, is really tremendous things for business, for people, for the middle class, for workers,” he said. “I consider this very much a bill for the middle class and a bill for jobs.”

Trump, after noting companies that announced plans to help workers after the tax bill passed, added, “Corporations are literally going wild.”

Despite the bill having low approval ratings before Congress passed it this week, Trump said he believes the public will come around once people see the benefits in their paychecks next year.

“I don’t think we are going to have to do much selling,” the President said.

Trump also seemed to explain a morning of confusion at the White House, where reporters waited to hear whether he would ink the deal before he left Washington for his holiday vacation in Florida.

“I was going to wait for a formal signing some time in early January, but then I watched the news this morning and they were all saying, ‘Will he keep his promise, will he sign it by Christmas?'” Trump said. “And I called downstairs and said get it ready, we have to sign it now.”

Touting first-year accomplishments

After passing the tax bill, Trump has been focused on getting the credit he thinks he deserves for his first year in office. His aides have held background briefings with reporters and top surrogates, arguing that Trump has accomplished more than almost any other president in his first year.

Trump and Republicans from the Senate and House celebrated the tax bill at the White House on Wednesday, where GOP leaders praised the President.

“This has been a year of extraordinary accomplishment for the Trump administration,” Senate Majority Leader Mitch McConnell said.

Trump tweeted the same on Friday in advance of signing the tax bill.

 

Trump’s trip to Mar-A-Lago, his private club in Florida, will mark his 10th trip as president to Palm Beach. In total, Trump will have spent 106 days of his first year in office at one of his own properties when he arrives in Florida on Friday.

19 comments

  • The British Empire

    The Obama loyal be like, “Yeah, Bitcoin is dumb”… While it soars into thousand point percentage gains and Cash for Gold kiosks pop up all around them. I wonder why reality happened? They can never be wrong, especially on election night. Don’t get me wrong. NAFTA has to be abolished without an economic downturn… like that time gas prices doubled in weeks.

  • joe just joe

    Anyone want to bet the corporations don’t take the tax windfall and waste it buying their own stock? I say that’s what happens. Trumpf sure knows how to take $$$ out of the system as quickly as possible. I wonder if he’ll take credit for falling stock prices like he does for rising stock prices.

  • Jeff Woehrle

    Over half of Americans pay no federal income tax at all. So, the best “approval” rating that is possible for this tax plan is less than 50%.

    Seems those who take are not willing to see those who give get a break.

    • Robert

      yup, kind of like they send their kids into your yard, demand you feed them, clean up after them and foot the bill to fix all the stuff they broke so they can do it again tomorrow. Or, they stand in front of your house with signs telling the world how horrible you are. Yup, and they get to vote too!

  • Robert

    Who are these weirdo’s that think tax money belongs to the government? Doesn’t this mean we get to keep more of what should already be considered yours? All of a sudden the democrats have a problem with a budget deficits? Wow! What is next, a democrat running on a balanced budget platform for 2020? Roflmao! Go DONALD!

  • warningfakenews

    The media reports that the tax cut is less popular than Obamacare, according to their polls. Yeah, those same pollsters that showed Hillary winning 40 states… those polls.

Comments are closed.