Trump signs, lauds tax overhaul, off to Florida for holidays
He also signed a temporary spending bill to keep the government running and provide money to upgrade the nation's missile defenses. The tax cut, which fulfilled a long-held Republican goal, was at the forefront of Trump's mind.
Starting next year, the new law will give big cuts to corporation and wealthy Americans and more modest reductions to other families. Trump continued to pitch it as a win a for the middle class, insisting that even though polling indicates the tax cut is unpopular, "the numbers will speak" for themselves.
"I don't think we are going to have to do much selling," Trump told reporters in the
The tax law is the largest since 1986, but far from the biggest in American history, as the president repeatedly claims. It also is projected to add to the nation's debt, something that was anathema to
Passage of the tax bill marked a significant victory for a president hungry for one after chaos and legislative failures during his first year in office — including an effort to repeal former President
"We are compiling a long @ beautiful list," he tweeted.
Trump said that he originally planned to sign the tax bill early next year but moved it up on the spur of the moment after watching media coverage Friday morning about the legislation. After finishing the bill signings, he was off to Mar-a-Lago in
The first major overhaul of the nation's tax laws since 1986 could add
Trump, meanwhile, continued to send mixed messages about his desire to work across the aisle. In the
But that came just hours after he tweeted a pitch for bipartisanship: "At some point, and for the good of the country, I predict we will start working with the
Some
Additionally, the new tax law that they see as the
Starting next year, families making between
But if the cuts for individuals are allowed to expire, most Americans — those making less than
Only high-income people would get a meaningful tax cut after 2025, when nearly all of the plan's individual income tax provisions are due to expire.
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