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Tipsheet

It's Official: Trump Signs Tax Cuts Into Law From the Oval Office

President Trump has delivered his promise of tax cuts for working class Americans by Christmas and signed The Tax Cuts and Jobs Act into law from the Oval Office Friday morning. He originally planned to host a more formal signing ceremony after the holidays, but wanted to keep his Christmas deadline. 

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"This is the bill, right here, we are very proud of it," Trump said, adding he asked for it to be taken out of a box so people could see it for the ceremony. "It's going to be fantastic for the economy." 

"I didn't want you folks to say I wasn't keeping my promise," he continued. "We did a rush job today and it wasn't fancy, but it's the Oval Office." 

The president also signed a series of other bills on a number of issues, including defense authorization and the continuing resolution to keep the government open. He praised a number of companies that have responded to the bill by giving workers bonuses and thanked House and Senate leaders for getting the job done. 

"Corporations are literally going wild over this," Trump said. "Paul Ryan and Mitch McConnell, thank you very much." 

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The bill will go in effect in February. 

Trump is headed to Mar-a-Lago for the long Christmas weekend and will stay away from Washington D.C. until after the New Year. He will host a party with First Lady Melania Trump at the resort on New Year's Eve. 

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