Trump signed the $1.5 trillion tax bill

Trump signed the $1.5 trillion tax bill

The US president has earlier said he will sign the law that envisions general tax cuts on January 1st 2018. Trump has signed the bill defining large tax cuts for business and smaller enterprises, including middle families and low-income families, reports “Sputnik [...]

Trump has signed the bill defining large tax cuts for business and smaller enterprises, including middle families and low-income families, reports “Sputnik International” Transmission Periscope. According to the authors of the bill, it will promote the American economy and bring money to the country.

Commenting on the size of tax cuts, Trump said the <x0numbers will speak” during preparation for signing the bill. Initially, the president will reportedly sign the bill in January, however, Friday, he said he would do it before leaving for Christmas holidays in Florida.

The bills lower tax rates for companies from 35% to 21%, marking the first major tax recovery in the United States since the 1980s.

At the same time, the Democrats have spoken against the tax bill, saying it will add $1.5 trillion to the growing national debt.

Trump has signed the tax review package along with a temporary bill that must stop the US government from closing./Periscopi/

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