This week has been a historic and important week for President Donald Trump, congressional Republicans and the American people.
After an epic failure to repeal or replace Obamacare, Republicans desperately needed a political victory and this week they got that victory after several weeks of intense negotiations and revisions to the tax reform bill.
Both the House and Senate voted to approve the tax reform bill, without a single Democrat voting to help the American people. the bill was then sent to President Donald Trump’s desk for his signature to make it law and he did just that earlier today before leaving for his Christmas weekend at his Mar-a-Lago resort in Florida.
(Fox News) – President Trump on Friday signed his first major legislative triumph – a $1.5 trillion tax overhaul expected to trigger tax cuts for most Americans next year – as well as a temporary spending bill that keeps the government running through mid-January.
Trump signed the bills before heading to his Mar-a-Lago resort in Palm Beach, Fla., for the winter holidays.
Ahead of the morning signing, Trump tweeted: “The President has accomplished some absolutely historic things during this past year.”
He added, “We are compiling a long & beautiful list.”
The tax bill is likely at the top of that list, after GOP lawmakers passed the most extensive rewrite of the tax code in three decades. The package would cut the corporate tax rate from 35 percent to 21 percent, double the standard deduction and make a host of other changes…
Even though Democrats continue to contend that the tax cuts will only help the wealthy and not the average working family, many businesses are already responding in ways the Democrats said would not happen. The Dow Jones is responding as is the US and economy and the world economy and foreign stock markets.