On Friday, President Donald Trump signed the Republican tax bill into law, at least a week before most pundits thought he would get the opportunity to do so.
Trump thanks Republicans in Congress for getting the bill to his desk.
“It’s going to be a tremendous thing for the American people. It’s going to be fantastic for the economy,” Trump said.
“It’s going to keep companies from leaving our shores.”
More from The Hill:
Trump said the decision to sign the bill on Friday was made late and because of criticism in the press that it was being delayed.
As a result, Trump was not surrounded by the congressional leaders who shepherded the bill to him. He even offered pens to reporters which are usually given to those members of Congress.
Trump said he was originally going to wait to sign the bill in a formal ceremony in January, but the media was asking if he would sign it before Christmas as he had pledged.
“I am keeping my promise,” he said. “I am signing it before Christmas.”
Trump noted that a number of companies have announced bonuses and new investment because of the legislation.
“Corporations are literally going wild over this,” he said.
Trump touted various aspects of the plan, including the larger standard deduction, the increase in the amount exempt from the estate tax and the repatriation of earnings that companies currently have held overseas.
The bill’s signing ends the president’s first year in office on a high note.
If you’re one of the 80+ percent of Americans getting a tax cut, go on out and buy more Christmas gifts for your family and friends.
You can reimburse yourself with tax savings soon…thanks to President Trump.