On Friday morning, Donald Trump signed the Republicans’ $1.5 trillion tax bill into law, just before the Christmas break, reported Reuters.
Instead of signing the bill in his typical staged, over-the-top fashion, Trump opted for a quick signing before January in order to keep his promise of bringing tax cuts by Christmas.
“I didn’t want you folks to say I wasn’t keeping my promise. I‘m keeping my promise,” Trump said to reporters in the White House.
GOP lawmakers just passed the Senate version of their tax bill and most likely it’ll be signed by Donald Trump before the year’s over.
The bill will be devastating for the middle and lower classes and the means with which it was passed are almost as disturbing as what’s in the bill.
In the early morning hours of Saturday (December 2), Senate Republicans passed the massive tax overhaul and gave Donald Trump and Congressional GOPers their first major legislative achievement since the 45th President took office.
The bill, which was presented to the public at 9:30 pm Friday was still being worked on until the very last moment with hand written notes and scribbled out lines and pages that were barely legible. It favors corporations and will eliminate numerous deductions and credits beneficial to lower and middle class taxpayers. Numerous Democratic senators claimed they didn't even have time to read though the bill before a vote was brought to the floor.
Passed 51-49, the bill would eliminate the individual mandate to buy health insurance, which could lead to a Congressional Budget Office estimate of 13 million more uninsured people within 10 years and jack up premiums for others.
Trump took to Twitter to congratulate GOP senators for their “work” on the bill.
We are one step closer to delivering MASSIVE tax cuts for working families across America. Special thanks to @SenateMajLdr Mitch McConnell and Chairman @SenOrrinHatch for shepherding our bill through the Senate. Look forward to signing a final bill before Christmas! pic.twitter.com/gmWTny3SfS— Donald J. Trump (@realDonaldTrump) December 2, 2017
Biggest Tax Bill and Tax Cuts in history just passed in the Senate. Now these great Republicans will be going for final passage. Thank you to House and Senate Republicans for your hard work and commitment!— Donald J. Trump (@realDonaldTrump) December 2, 2017
Next, the House of Representatives can either vote to pass the Senate’s bill as is or go to conference with the Senate bill to meld it with some of the House bill’s provisions. Speaker Paul Ryan says his chamber will “move quickly” to combine the bills so they can get the bill to the president’s desk as soon as they can.
Senate Democrats are furious about the scam that was just pulled. Senate Minority Leader Chuck Schumer said from the floor that "historians will mark today as one of the darkest black-letter days in the long history of the Senate.” He claims the bill "was chock full of special-interest giveaways before tonight, but under the cover of darkness and with the aid of haste, a flurry of last-minute changes will stuff even more money into the pockets of the wealthy and the biggest corporations, while raising taxes on millions in the middle class."
See some of the Senate Democrats’ reaction to the GOP tax bill below.
I was just handed a 479-page tax bill a few hours before the vote. One page literally has hand scribbled policy changes on it that can’t be read. This is Washington, D.C. at its worst. Montanans deserve so much better. pic.twitter.com/q6lTpXoXS0— Senator Jon Tester (@SenatorTester) December 2, 2017
While you were sleeping:— Nancy Pelosi (@TeamPelosi) December 2, 2017
The cowardly Republican thieves passed the unpopular, deficit-exploding, tax-raising, unreadable, lobbyist-hand-written scribble #GOPTaxScam.
And they blatantly admitted this was their first step toward further obliterating Medicare & Social Security.
Make no mistake about it. Americans noticed. They're disgusted, livid -- and they *will* make Republicans pay for what they’ve done. The Ryan-Trump-McConnell corrupt agenda is on full display and will be stopped. Their days and majorities are numbered.— Nancy Pelosi (@TeamPelosi) December 2, 2017
This Congress doesn’t work for working families. It works for corporate lobbyists & campaign donors in backroom deals & 1:30 AM votes. This corruption is hollowing out America’s middle class & tearing down our democracy.— Elizabeth Warren (@SenWarren) December 2, 2017
Working families are already on the ropes – and this #GOPTaxScam is another punch in the gut. We must keep fighting back with everything we’ve got to stop them from delivering the knockout blow.— Elizabeth Warren (@SenWarren) December 2, 2017
Tonight the @SenateGOP gave a giant tax break to the rich & left everyone else holding the bag. This is about more than economics – it’s about our values. The Republicans just proved they are morally bankrupt. #GOPTaxScam— Elizabeth Warren (@SenWarren) December 2, 2017
The tax plan approved tonight by my Republican colleagues is shameful. This is a victory for corporations and the top 1% of Americans, not teachers, not seniors, and certainly not the middle class.— Kamala Harris (@SenKamalaHarris) December 2, 2017
(Photo: Alex Wong/Getty Images)