Merry Christmas: Trump signs $1.5 trillion tax reform legislation

President Donald Trump signed the $1.5 trillion tax reform bill before heading to Florida for the holidays. (Screen capture, YouTube, White House)

Before leaving the White House to spend the holidays at his Mar-a-Lago resort home in Palm Beach, Florida, President Donald Trump inked the $1.5 trillion tax reform legislation that has already inspired some companies to raise their minimum wages and also provide bonuses to employees.

Ironically, according to Fox News, some “highly paid journalists at NBC and MSNBC” who have been critical of the tax reform package my benefit from its passage. That’s because Comcast announced that it would be sending $1,000 bonus checks to more than 100,000 employees, and presumably that includes journalists such as Lawrence O’Donnell, Rachel Maddow and Chris Matthews.

Trump’s signature on the measure signified a major legislative victory and represented one more of his campaign promises that has been kept. He appointed a conservative justice to the U.S. Supreme Court and has been filling lower court vacancies, his administration has taken steps to fix problems at the Veterans’ Administration, and the economy has improved.

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Writing at the Washington Examiner Friday, Paul Bedard identified 81 accomplishments that Trump has logged since taking office in January. During remarks to the press in the Oval Office prior to inking the tax reform bill, the president observed that he has not been given credit by the dominant media for many of the things he has done.

Democrats, meanwhile, have been unceasingly critical of the tax reform package, and Trump told reporters that, “Democrats don’t like tax cuts, they want to raise your taxes.” He predicted that the Democrats would regret their opposition.

Criticism of the tax reform legislation, which included repeal of the Obamacare health insurance mandate, has bordered on hysteria. House Minority Leader Nancy Pelosi used the term “Armageddon.”

Writing in the Washington Post, James Hohmann detailed what he believes are ten reasons Democrats believe the tax reform legislation will be a “political loser” for the president and Congressional Republicans.

Right now, however, with bonuses on the way to many wage earners, and the economy improving, the tax reform legislation appears to be a winner.

 

 

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