Politics

Trump Signs Massive Tax-Cut Bill into Law

President Donald Trumped on Friday signed a controversial $1.5 trillion tax-cut bill into law and, in the process, scored what has been described as his biggest accomplishment since assuming office almost a year ago.

Trump, who signed the legislation prior to leaving D.C. for the holidays, said that in having signed the bill, he’s accomplished more than almost any other president in their first year.

“The typical family of four earning $75,000 will see an income tax cut of more than $2,000 — many much higher than that — slashing their tax bill in half,” he said as he signed the legislation at the White House. “And they’re going to start to see that. Because we’re signing today, they’re going to start to see that in February. The numbers will speak.”

Trump noted among other of the bill’s highlights, that the corporate tax rate will be lowered from 35 percent to 21 percent.

“That means that more products will be made in the USA,” he said. “A lot of things are going to be happening in the USA. We’re going to bring back our companies. They’ve already started coming back. I think they had certain confidence in me and they figured we were going to get this done.”

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