President Donald Trump on Friday signed into law a massive $1.4 trillion tax-cut bill, capping a yearlong effort by Republicans to slash tax rates for 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.
The enactment of the tax overhaul hands Republicans a much-needed victory going into next year’s midterm elections. Democrats have seized on dismal public opinion polling on the plan and the fact that most individual tax cuts would expire under it while a massive corporate tax decrease would be permanent.
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