Donald Trump signs $1.5 trillion tax bill into law

Donald Trump signs $  1.5 trillion tax bill into lawPresident Donald Trump has signed into law the GOP’s sweeping, $ 1.5 trillion tax reform bill that will slash taxes for corporations while giving most Americans some temporary relief. Mr Trump emphasised the size of the tax cuts during the bill signing, calling the legislation “a bill for the middle class and a bill for jobs”. The legislation gives generous tax cuts to corporations – “That’s probably the biggest factor in our plan,” Mr Trump admitted earlier this week – while giving the majority of Americans a more modest tax break that will expire in 2025.

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