President Donald Trump on Friday signed into law a massive $1.5 trillion tax bill, capping off a yearlong effort by the White House and Republicans in Congress to slash tax rates for both corporations and individuals.
Trump also signed a short-term spending bill to fund the government, just hours before the midnight Friday deadline to avoid a partial government shutdown.
Speaking to reporters during an impromptu signing ceremony, Trump called the tax plan, "a bill for the middle class and a bill for jobs."
He also touted the positive reaction that the bill's corporate tax cuts have garnered from the business community. "Corp[orations are are literally going wild," he said.
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