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Trump signs tax bill into law before Christmas

Photo credit TeleSouth Communications Inc.

The tax bill has offically been signed.

While there was going to be a big ceremony in two weeks to celebrate the signing of the GOP’s $1.5 trillion tax overhaul, timing was everything for President Trump, who opted to sign the bill before the holidays.

“I didn’t want you folks to say I wasn’t keeping my promise; I’m signing it before Christmas. I said that the bill would be on my desk before Christmas, and you’re holding me literally to that,” Trump said.

The tax plan, which President Trump has called the biggest tax cut in America’s history, was passed earlier this week. Senator Roger Wicker praised the cut, and has said that Mississippians could see an extra $1,800 a year with the new tax code.

“Working with President Trump, Congress has successfully overhauled the tax code to make it simpler, fairer, and smarter,” Wicker said. “Starting next year, Mississippi families will begin to see more take-home pay and an economy that continues to pick up steam. Job creators and small businesses – the lifeblood of our economy – will have more capital to invest and innovate. This is a big win for the American people built on conservative principles.”

Senator Thad Cochran also shared optimism for what this tax overhaul means for the American people.

“I am optimistic that small businesses in Mississippi will take advantage of incentives in the bill that can help them grow.  Corporate tax reforms will help companies be more competitive globally, invest more at home, and hire more American workers,” Cochran said.

Before heading to his Mar-a-Lago resort in Palm Beach, Florida for Christmas, Trump also signed the bill that would prevent a government shutdown until January 19th.

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