President Donald Trump signed the Republican tax plan — which would steeply and permanently reduce taxes for corporations, while temporarily cutting taxes for many individuals — into law Friday morning, two days after it finished its path through Congress.
Trump signed the legislation, along with a bill avoiding a government shutdown, without much in the way of celebratory fireworks from the Oval Office before leaving Washington, DC, for Florida.
"We were going to wait until Jan. 7 or 8 and do a big formal ceremony," Trump said before signing the tax bill, "but every one of the networks were saying 'Will he keep his promise?' and 'Will he sign it before Christmas?' And so I immediately called and said let's get it ready." He added that New England Patriots owner and billionaireBob Kraft called him Thursday night "and said the tax bill is incredible."
"Corporations are literally going wild over this," he later added.
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