Trump signs $1.5 trillion tax overhaul into law

President Donald Trump has signed into law a $1.5 trillion tax overhaul package.

Posted: Dec 22, 2017 11:07 AM

WASHINGTON (AP) - The Latest on President Donald Trump (all times local):


11 a.m.

President Donald Trump has signed into law a $1.5 trillion tax overhaul package.

Trump touted the size of the tax cut, declaring to reporters in the Oval Office before he signed it Friday that "the numbers will speak."

The president said he was going to wait to sign it until after Jan. 1 but changed his mind.

The legislation provides generous cuts for corporations and the wealthiest Americans and smaller ones for the middle class and low-income families.

It is the first major overhaul of the nation's tax laws since 1986, but far from the largest tax cuts in American history as the president claims. Politically, it marks the Republicans' first major legislative accomplishment of Trump's presidency.

Some estimates say the cuts could add to the nation's soaring deficit.

___

10:30 a.m.

President Donald Trump says he's getting ready to sign into law a $1.5 trillion tax overhaul package. It provides generous cuts for corporations and the wealthiest Americans and smaller ones for the middle class and low-income families.

Trump tweeted that he'll sign the law in the Oval Office before jetting off to his Florida estate for Christmas.

It is the first major overhaul of the nation's tax laws since 1986, but far from the largest tax cuts in American history as the president claims. Politically, it marks the Republicans' first major legislative accomplishment of Trump's presidency.

Some estimates say the cuts could add to the nation's soaring deficit.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

New York Coronavirus Cases

County data is updated nightly.

Cases: 1967248

Reported Deaths: 51258
CountyCasesDeaths
Kings2600639889
Queens2597329511
Suffolk1908893300
Nassau1750233097
Bronx1727466359
New York1300554297
Westchester1243172235
Erie799591683
Richmond696201739
Monroe597381032
Orange45423782
Rockland45245940
Onondaga35490659
Dutchess27510432
Albany23368343
Oneida21251497
Niagara17780332
Broome17129348
Saratoga14167160
Ulster12791241
Schenectady12252190
Rensselaer10495136
Putnam1005291
Chautauqua8227132
Chemung7052133
Oswego687690
Ontario674091
Steuben6192141
St. Lawrence612594
Sullivan598968
Cayuga579490
Jefferson539263
Wayne513967
Cattaraugus503780
Genesee5005121
Herkimer4868107
Clinton446532
Madison423885
Tompkins400349
Fulton398086
Livingston393658
Montgomery3817114
Columbia379999
Cortland350760
Warren333355
Tioga331658
Wyoming320451
Allegany313383
Otsego311846
Greene307774
Chenango301873
Washington280355
Orleans270283
Lewis242033
Franklin237012
Delaware211236
Seneca184656
Schoharie150315
Essex148526
Yates109226
Schuyler97713
Hamilton2982
Unassigned16592
Out of NY0216
Rome
Cloudy
54° wxIcon
Hi: 66° Lo: 39°
Feels Like: 54°
Binghamton
Cloudy
53° wxIcon
Hi: 63° Lo: 37°
Feels Like: 53°
Rome
Cloudy
54° wxIcon
Hi: 68° Lo: 39°
Feels Like: 54°
Rome
Cloudy
54° wxIcon
Hi: 62° Lo: 37°
Feels Like: 54°
WKTV Radar
WKTV Temperatures
WKTV Severe Weather
Saluting Those Who Are Proud 2 Serve
Enter the Rock Your Body Giveaway from Alivana Aesthetics
Looking for work or looking to hire? Check out the WKTV Job Fair!