President Donald Trumpsigned a massive $1.5 trillion overhaul of the country's tax code into law Friday, putting a seal on his first major legislative victory.
"This is the capper", Trumpsaid of the tax package, using his last moments of the year in the White House to sign the bill before flying to Florida for the holidays.
"Every one of the networks was saying, 'Will he keep his promise?'" the president said after delaying his trip to his Mar-a-Lago resort in Florida.
The president also signed a short-term government funding bill, which averts a government shutdown.
The GOP bill dramatically slashes the corporate tax rate to 21 percent from 35 percent and it will be permanent.
While not the biggest tax cut in history, White House staff argues that the tax cuts together with the tax reforms make it the most significant tax policy bill in the history of the United States. Trump and his family will receive large tax cuts.
Trump continued to pitch the new law as a win a for the middle class, insisting that even though polling indicates the tax cut is unpopular, the results will win people over. Cutting corporate taxes will not bring those jobs back and will not lead to higher wages for American workers.
The left-leaning Democratic opposition unanimously opposed the 500-page legislation, calling it a "scam" and saying it mainly benefits the wealthy and will add at least 1 trillion dollars to the USA national debt. "We are very proud of it", Trump said.
President Donald Trump had not yet officially signed the Tax Cut and Jobs Act into law when it started paying both economic and political dividends. Traditionally, Democrats have advocated spending on transportation projects and other infrastructure, but it's unclear whether they will embrace Trump's approach or be eager to work with a president who has frequently attacked them.
WASHINGTON, D.C. (WBRE/WYOU-TV) Americans now have a new tax cut plan in place.
The GOP passed tax reform without a single vote from the Democrats.
The formal signing was initially planned for January, but Trump said he made a decision to move up the date after being displeased with mediareports.
Two Special Investigation Teams (SIT) as well as four more squads have been constituted under a DSP for the probe. He said it was apparent that the girl had struggled to escape but was gagged, and someone sat on her chest.
In a number of areas, the army has been called out to back up local security forces and protect government buildings and banks. The new financial year has also brought with it price hikes on some goods and increased taxes on imports.
Just looking at the image gallery below, you will be impressed with the simple yet stylish design of the new Acer Chromebook 11 . HP's last Chromebox was a hit in the Chrome OS community, but it released in 2014 and a lot has changed since then.
Early examples of birds like the Archaeopteryx are believed to have evolved from much smaller feathered dinosaurs . A global team of scientists discovered new bird-like dinosaur in the North-East of China, in the Hebei Province.
Orange County firefighters, along with a Los Angeles County search and rescue team, removed the vehicle from the building. The woman, who declined to provide her name, stated it was fortunate the motel was unharmed.
The news comes just a week after GasBuddy's annual report found that 2018 gas prices could be the highest in four years. Nationwide, the average price of gas is expected to reach or exceed $2.70 a gallon in April and May, GasBuddy reported.
AT&T is working with Huawei in at least two different areas, the first of which is on standards for AT&T's planned 5G network. Texas representative Mike Conaway (R-TX 11th District) proposed a bill last week called the Defending U.S.
Kenya Airways launched sales, Thursday, for nonstop flight from Nairobi to NY due to start 28 October, this year. Direct flights from JKIA to New York JFK will reduce the time flight from 25 hours to about 15 hours.
We're yet to test the Echo Spot's audio prowess, but we'd imagine it would be similar in quality to the Echo Dot. Unlike the Echo Dot which is only really passable for things like chatting, the Echo Spot had a nice sound to it.
Sumpter Township police have released photos of a man and woman they say are wanted in the death of their 4-year-old daughter. WDIV reported that the girl's January 1 death was not the first time police have been called to the couple's mobile home.
For those who were completely enamored by the robot suit and game, as you may have guessed, you'll want to go for the Robot Kit . Building toys as a kid is as old as Lincoln Logs, and Nintendo should be commended for meshing new and old in a meaningful way.
Since this exploit relies on automatic link previews, typical security advice - don't click on random links - doesn't apply. He said he'd reported the bug to Apple the previous day, he told BuzzFeed , but had not heard anything from the company.
The Defense Department's language is nearly word for word what the US policy toward Iraq was during former President George W. Turkish long-range artillery has also been firing on Kurdish positions in Afrin.
He's 11-12 with a 4.77 ERA in that time, but finished out 2017 by posting a 1.44 ERA over 31 1/3 innings of relief. Houston's rotation last season was shouldered by Dallas Keuchel , who posted a 3.9 WAR and was named an All-Star.
Payne was a key run-stopper in the middle and also had an interception and touchdown catch in the semifinal win over Clemson. ESPN's Mel Kiper Jr. rates Ridley as the draft's top receiver and the 10th-best player overall in his big board .
Woong-chul Yang said: "Kia's connected cars will be both boundless and connected and offer a new kind of mobility experience". It is, we're assured, built using new production technology earmarked for "near-future EVs " from the South Korean giant.