Trump signs sweeping tax bill, suggests he doesn't get enough credit

Trump signs sweeping tax bill, suggests he doesn't get enough credit”

US President Donald Trump has signed into law the first major overhaul of US tax law in almost 30 years, fulfilling a campaign promise to lower income taxes for individuals as well as corporations.

"I was going to wait for a formal signing in early January", Mr. Trump said.

"I called downstairs, I said, 'Get it ready, we have to sign it now, ' " he said.

Since Congress included the waivers in their year-end government funding bill, Trump could sign the bill in 2017, allowing numerous tax cuts to take effect by next year.

After passing the tax bill, Trump has been focused on getting the credit he thinks he deserves for his first year in office. The tax cut, which fulfilled a long-held Republican goal, was at the forefront of Trump's mind.

The bill is also not very popular among average people as a poll, before the tax cut vote, found more people have developed a dislike for the new tax bill over the past two months.

According to non-partisan analysts, Trump's new tax reform promises lower tax bills for the majority of taxpayers.

"I consider this very much a bill for the middle class and a bill for jobs".

Senator Casey also says moving forward, any infrastructure projects will become more hard to fund because of the tax cuts to corporations in this tax bill. "It's not fancy, but it's the Oval Office". Trump is expected to remain at his tropical estate and private club through Christmas and return to Washington on New Year's Day.

President Trump's signature on the bottom line of the new tax reform bill-cutting the corporate tax rate from 35% to 21%-drew more praise from inside the Beltway.

"We have more legislative victories than any other president", he said - an assertion not supported by facts.

The first major overhaul of the nation's tax laws since 1986 could add $1.5 trillion to the national debt over the next decade, according to the Congressional Budget Office.

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

Because of the approved tax reform lead by his administration, the US president was proud to announce that he was fulfilling his promise to the country.

Like this


19 January 2018
Flu-related deaths reach 5 in Cuyahoga County
The Health Division recommends everyone over the age of six months receive an influenza vaccination and take preventive actions. Flu-associated hospitalizations in Cuyahoga County are at 794, which is a decrease from last season, the collaborative reported.

19 January 2018
Ben Affleck Was Approached to Direct Flashpoint Movie
DC and Warner Bros . are now gearing up for the standalone release of The Flash's fellow " Justice League " teammember " Aquaman ".

19 January 2018
Amazon Echo Spot Could Be An Alarm Clock For The 21st Century
Amazon has also announced that its " Amazon Music Unlimited " service will also be available in Australia from February 1st, 2018. Westpac, one of Australia's largest banks, has teamed up with Amazon to enable basic banking services on Alexa-enabled devices.

17 January 2018
Steve Bannon subpoenaed by Robert Mueller for the Russian Federation probe
The House Intelligence Committee is speeding towards a conclusion of its interviews in the Russian Federation investigation. That meeting has proven central to special counsel Robert Mueller's probe of any collusion or obstruction of justice.

16 January 2018
Vehicle crashes into office's upper floor after becoming airborne
Both people inside the vehicle were able to get out safely and suffered minor injuries, according to the OCFA. And, the trapped person has been rescued by Los Angeles County Urban Search and Rescue (USAR).

14 January 2018
Canada challenges U.S. tariff system
He explained, "Even if Canada succeeded on these groundless claims, other countries would primarily benefit, not Canada". Department of Commerce, and has filed appeals under the NAFTA and WTO agreements", Yurkovich said in a statement .

14 January 2018
East coast of America braces for a 'bomb cyclone' of freezing weather
According to the National Oceanic and Atmospheric Administration , it "describes a midlatitude cyclone that rapidly intensifies". This term is almost the same as a bomb, but refers more specifically to a bomb's development-hence the inclusion of "genesis".

12 January 2018
Google Inc (GOOG) looks to have acquired United Kingdom startup Redux
It could also improve waterproofing for future phones since it eliminates the need for speaker holes. The startup is developing technology, and it will be able to turn certain surfaces into speakers.

11 January 2018
Astros acquire pitcher Gerrit Cole from Pirates
The Houston Astros have agreed to a deal for Pittsburgh Pirates ace Gerrit Cole , according to Jon Morosi of MLB Network . Cole also contributed to Pittsburgh's 2013 postseason run, making two October starts as a rookie.

11 January 2018
Kevin De Bruyne in "no hurry" to sign new Manchester City deal
The North-West outfit are believed to be keen to tie De Bruyne down to a new deal, but at the moment there has been no movement. The club are thought to be close to agreeing a new contract with De Bruyne but the player insists there is no rush.