Trump signs GOP tax plan, short-term government funding bill

President Donald Trump displays his signature after signing the $1.5 trillion tax overhaul plan inside the Oval Office of the White House in Washington, U.S., December 22, 2017.

Jonathan Ernst | Reuters

President Donald Trump displays his signature after signing the $1.5 trillion tax overhaul plan inside the Oval Office of the White House in Washington, U.S., December 22, 2017.

Democrats, meanwhile, have seized on dismal public opinion polling on the plan along with also the fact in which most individual tax cuts would likely expire under in which while a massive corporate tax decrease would likely be permanent.

The short-term spending bill, while not nearly as large or as contentious as the tax reform, was nonetheless critical to avoiding what could have been a disastrous government shutdown over the holidays. The continuing resolution extends current spending levels through January 19. along with also funds the favorite Children’s Health Insurance Program until March.

The emergency funding legislation also contained what’s called a “pay-go waiver,” a provision in which suspends the rules governing how Congress has to pay for certain programs. Without the waiver, Trump would likely have had to wait until the brand-new Year to sign the expensive tax cuts into law, or risk triggering draconian automatic spending cuts..

After signing the bills, Trump left Washington, D.C. for Palm Beach, Florida, where the president plans to spend Christmas at his Mar-a-Lago Club.

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