Wed. 4:15 p.m.: Trump celebrates tax reform passage
WASHINGTON (AP) – President Donald Trump is celebrating the passage of a major Republican tax overhaul that represents the president’s first major legislative victory.
Trump said at a ceremony outside the White House that “it’s been an amazing experience.”
And he said: “We are making America great again.”
Republicans in Congress today delivered the epic overhaul of U.S. tax laws to Trump, bringing generous tax cuts for corporations and the wealthiest Americans, and billions to be added to the national debt.
The $1.5 trillion tax package will bring generous tax cuts for corporations and the wealthiest Americans, while providing smaller cuts for middle- and low-income families.
Democrats call the legislation a boon to the rich. But Trump says it will prompt companies that have moved jobs offshore to move them back to the U.S.
He said: “It’s always a lot of fun when you win.”