President Donald Trump signed a historic and sweeping tax bill into law on Friday, marking his first major legislative victory at the close of his initial year in office.
The president initially stated that he was set to sign the bill into law in early January during a more elaborate ceremony. However, Trump said he noticed that “every one of the networks” was wondering if he would keep his promise and sign it by Christmas, so he moved the signing up to today.
“I called downstairs, I said, 'Get it ready, we have to sign it now.' We were going to wait till Jan. 7 or 8 and do a big formal ceremony.”
The president trumpeted the tax cut legislation as a major victory for his presidency, Republicans in Congress and the American people — particularly those in the middle class.
“All of this, everything in here, is really tremendous things for businesses, for people, for the middle class, for workers,” Trump said, gesturing toward the mammoth stack of papers comprising the bill.
“I consider this very much a bill for the middle class and a bill for jobs. And jobs are produced through companies and corporations, and you see that happening. Corporations are literally going wild over this.”
While Republicans and the president continue to tout the bill as a win for the middle class and the American economy overall, critics, including Democrats, who all voted against the measure, remain vocal that the bill is nothing more than a tax cut for the richest Americans.
“Yet again, Republicans showed their only priority is to give the richest few a bigger piece of the pie,” Senate Minority Leader Chuck Schumer (D-N.Y.) tweeted shortly after the bill passed the Senate on Thursday.
Yet again, Republicans showed their only priority is to give the richest few a bigger piece of the pie.
— Chuck Schumer (@SenSchumer) December 20, 2017
Sen. Elizabeth Warren (D-Mass.) blasted Republicans for carrying out what she called a “heist,” adding, “Let's call this out for what it is: Government for sale.”
The bill that the Republicans jammed through the Senate tonight isn’t tax reform. It’s a heist. Let's call this out for what it is: Government for sale. #GOPTaxScam
— Elizabeth Warren (@SenWarren) December 20, 2017
While Trump did fire back at Democrats during the tax bill signing on Friday, saying they hate cutting taxes, he also seemingly extended an olive branch by stating that he hoped the new year would bring more bipartisan opportunities in terms of legislation.
“I really do believe we're going to have a lot of bipartisan work done,” Trump said. “And maybe we start with infrastructure because I really believe infrastructure can be bipartisan.”
Watch Trump sign the bill below, via Fox News.