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Sanders Lies About Trump Benefiting from Tax Bill

Sanders Lies About Trump Benefiting from Tax Bill

Trump told reporters in the Oval Office that he decided early Friday to sign the bill after hearing reports questioning whether he would deliver it before Christmas.

Trump said he signed the bill now to keep a promise that he would cut taxes in time for Christmas.

After President Donald Trump signed a sweeping tax reform package into law on Friday, House Minority Leader Nancy Pelosi (D-Calif.) ripped the Republican Party for bleeding "the middle class dry" while padding the pockets of America's wealthiest. Such as the corporate tax rate cut from from 35% to 21%.

After passing the tax bill, Trump's aides held background briefings with reporters and top surrogates, arguing that Trump has accomplished more than nearly any other president in his first year.

While households at every income level will see a tax cut next year, wealthy taxpayers would benefit the most from the bill, according to independent analysts.

The new USA tax law however repeals the requirement that all Americans must have health insurance or pay a fine, a key provision of so-called Obamacare, but one that Trump and other Republicans said was unpopular.

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It capped the president's biggest legislative victory of his first year in office, a win that came on the strength of Republican majorities in the House and the Senate.

"Corporations are literally going wild", Trump said. So we did a rush job today. He said he "immediately" called and said to get it ready. The largest cut will benefit corporations and does not expire, unlike the individual tax rates. He also offered to give the pens he used to sign the legislation to members of the media assembled in the Oval Office.

Trump also seemed to explain a morning of confusion at the White House, where reporters waited to hear whether he would ink the deal before he left Washington for his holiday vacation in Florida.

At the same time, the Democrats have been speaking against the tax bill, saying it will add $1.5 trillion to the ever-growing national debt. But he scrapped plans for a more formal signing ceremony in the new year to get it signed before heading to his Mar-a-Lago resort in Florida.

We all know about the massive tax overhaul Congress passed this week.

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