SEVERE WX : Flood Warning View Alerts
CLOSINGS: View Closings

Trump signs $1.5 trillion tax overhaul into law

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.”

Posted: Dec 22, 2017 11:11 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.

Article Comments

West Lafayette
Clear
55° wxIcon
Hi: 55° Lo: 34°
Feels Like: 55°
Kokomo
Overcast
50° wxIcon
Hi: 52° Lo: 31°
Feels Like: 50°
Rensselaer
Clear
45° wxIcon
Hi: 52° Lo: 31°
Feels Like: 40°
Fowler
Clear
45° wxIcon
Hi: 53° Lo: 33°
Feels Like: 40°
Williamsport
Clear
52° wxIcon
Hi: 54° Lo: 34°
Feels Like: 52°
Crawfordsville
Clear
48° wxIcon
Hi: 51° Lo: 34°
Feels Like: 48°
Frankfort
Clear
49° wxIcon
Hi: 51° Lo: 33°
Feels Like: 49°
Delphi
Clear
46° wxIcon
Hi: 53° Lo: 31°
Feels Like: 42°
Monticello
Clear
46° wxIcon
Hi: 53° Lo: 30°
Feels Like: 42°
Logansport
Clear
48° wxIcon
Hi: 51° Lo: 30°
Feels Like: 48°
Clearing & colder with patchy fog tonight to early Thursday morning.
WLFI Radar
WLFI Temps
WLFI Planner

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events