Trump told reporters in the Oval Office the law ushered in the "biggest tax cuts and reform in our country".
President Trump says an infrastructure rebuilding plan will be his first priority for the new year.
It was initially thought that Mr Trump would wait until the new year before signing the package into law, but instead, he decided to make it one of his final items of business before jetting off to his Florida estate for Christmas.
"I was going to wait for a formal signing some time in early January, but then I watched the news this morning and they were all saying, 'Will he keep his promise, will he sign it by Christmas?'" Trump said. Will he sign it by Christmas?
President Donald Trump says he's getting ready to sign into law a $1.5 trillion tax overhaul package.
He walked through various provisions of the bill, which he touted as "a bill for the middle class and a bill for jobs", adding that "corporations are literally going wild". By April 2019, millions more will be celebrating when they realize that they'll not only owe less money, but will spend fewer hours filling out tax forms - because they no longer have to itemize deductions.
According to CBS News, the president started his Christmas weekend off Friday night by letting his dinner guests know that they would be benefitting from the tax cuts that he just signed into law.
"This is a phenomenon that nobody even thought of, and now it is the rage". Congressional Republicans trying to communicate the benefits of their bill to help their bid to maintain a majority in 2018 probably just wish he hadn't said it out loud. Not only will the 1 percenters and the 5 percenters derive the largest dollar benefit from the tax bill, they also will get the largest percentage increases.
AT&T, for example, could do with some goodwill from the President as he remains a critic of the telecom giant's proposed $85bn merger with Time Warner.
Republican lawmakers and administration officials contend that the massive tax cuts will spur economic growth for years to come. But regardless of the electoral impact in 2018, Republicans in Congress and the White House can be proud that their work will surely improve the well-being of almost all Americans - even the ones who won't admit it.
Under the new tax law, individual rates will be lowered, but those cuts are set to expire in 2025. But when all of the provisions are considered - including those that would raise tax revenue - the government's nonpartisan Joint Committee on Taxation estimates the tax law will result in $1.456 trillion less paid in individual, business and global taxes to the US government over the next 10 years.
What it does not include are the many offsets in the tax plan.
The tax changes will reduce federal revenue by more than $1 trillion over the next decade, even after accounting for their beneficial effects on the US economy, according to the nonpartisan Joint Committee on Taxation, Congress' tax scorekeeper.
The bottom line: nearly $1.1 trillion in deficits over the 10-year period. As a result, the cuts, which total about $1.456 trillion, would generate $451 billion in growth, the committee's analysis showed.
On Dec 20, Pakistan High Commission in New Delhi issued the visas to the mother and wife of Jadhav to visit Islamabad to meet him. He affirmed that Kulbhushan was not given consular access as the Indian official was barred to speak anything.
Brazilian Roberto Firmino levelled the scores again, but Milner has urged Liverpool to be more cautious in defence. The Gunners immediately responded with Alexis Sanchez scoring in the very next minute.
The deceased have been identified as Major Moharkar Prafulla Ambadas, Launce Naik Gurmail Singh and sepoy Pargat Singh. The soldiers belonged to the 120-Infantry Brigade Battalion, and were on patrol when the incident took place.
Parents of one student in OH think they have the flawless gift for the teachers who spend hours with their child every day. News stations across the country have picked up on the tweet , from 10 News Tampa Bay Sarasota to Good Morning America.
Cracker Barrel: Serves their regular menu and closes at 2 p.m. on Christmas Eve and is closed on Christmas Day . Costco Wholesale: Opens at 10 a.m.to 8 p.m. on December 23, and from 9 a.m.to 5 p.m. on Christmas Eve .
Opners KL Rahul and Rohit Sharma have provided solid start for team India with 50 run partnership for the first wicket. Noticeably, his 108 of the 118 that Sharma scored came only in boundaries and sixes (12 fours and 10 sixes).
Nobody was inside the vacant home when firefighters arrived and put out the fire, which Franklin said was suspicious in nature. Winistorfer said the man was alert and talking to paramedics as he was transported to the Marshfield Medical Center.
Facebook announced the tool last month . 'Our community continues to grow and our business is doing well, ' Zuckerberg said. Most of these propaganda related posts , according to TNW , were centered on gun control, LGBTQ issues, race and religion.
Family Christmas Eve Mass will be held at 5:30 p.m., and a midnight Mass with loft music begins at 11:30 p.m. Matthew True Born Faith of Christ Church, 601 Norris St., will have a worship service at 11 a.m.
Chief Minister Mehbooba Mufti and the governor of the state N.N Vohra greeted the Christian community on the auspicious day. Due to cyclone Ockhi that affected several people in the state, the Latin Catholic churches avoided celebrations.
UCLA QB Josh Rosen Doesn't Want Browns To Draft Him
With Sunday's 20-3 loss to Chicago at Soldier Field, the Browns (0-15) clinched the top pick in next year's draft. As for his National Football League draft status, Rosen, a junior, said he has yet to make a decision.
Mis-Reddit: Florida State Is, in Fact, Bowl Eligible
After our own investigation, we have determined and confirmed that Delaware State has not met the 90% threshold set by the NCAA. Thus, Florida State's win over Delaware State shouldn't count and would leave the Seminoles at 5-6.