Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Trump signs sweeping tax overhaul, sealing major victory
United States President Donald J. Trump holds up a document during an event to sign the Tax Cut and Reform Bill in the Oval Office at The White House in Washington, DC on December 22, 2017.
Latest News, News
December 21, 2017

Trump signs sweeping tax overhaul, sealing major victory

WASHINGTON, United States (AFP) — President Donald Trump on Friday signed into law a sweeping overhaul of the US tax code, two days after the Republican plan was adopted by Congress in a major political victory.

Making good on a vow to push through the tax cuts before Christmas, Trump endorsed the bill shortly before departing for a year-end break at his Mar-a-Lago resort in Florida, pulling forward a formal signing initially planned for January.

“I watched the news this morning and they were all saying, will he keep his promise, will he sign it by Christmas?” Trump told reporters gathered in the Oval Office.

“And I called downstairs and said ‘Get it ready, we have to sign it now.'”

Trump this week celebrated his first major legislative victory since taking office a year ago as Congress passed the US$1.5 trillion overhaul, set to impact every corner of the economy through dramatic tax cuts for corporations and temporary reductions for individuals.

“As you know, US$3.2 trillion in tax cuts for American families,” Trump said. “And they’re going to start to see that because we’re signing today.”

He added that “we’re going to bring back probably US$4 trillion from overseas,” and said corporations “are literally going wild over” the prospect.

“This is something that Republicans wanted for years and Democrats wanted for years and yet it never got done. Now it’s being done.”

Opposition Democrats have branded the tax plan a giveaway to the wealthiest that risks blowing a hole in the national debt, and a CNN poll showed that 55 percent of Americans oppose the tax reform.

But House Speaker Paul Ryan thinks they will be won over once they start to reap the benefits. He proclaimed immediately after Trump’s signing: “The biggest tax reform in a generation is now the law of the land.

“As promised, the American people will begin the new year with a new tax code.”

Trump— who did not hold a traditional year-end news conference before departing Washington —seized on the occasion to speak at length to reporters, enumerating the achievements of his first year in office.

“We have more legislative victories than any other president,” he said — an assertion not supported by facts. He has signed into law fewer than 100, mostly minor, pieces of legislation, fewer than his nine predecessors according to the GovTrack website.

“This is the capper, because this is again the biggest tax cut, the biggest reform of all time,” he said, while vowing that infrastructure reform would be a domestic priority for 2018.

Trump left the White House right after the signing, for what he told reporters would be a working holiday.

“We’ll be working in Florida, I’ll be working very hard during that Christmas because we have many things we’re talking about, including North Korea, including a lot of things happening in the Middle East as you know.”

The US leader also signed into law a short-term funding bill that will keep the federal government running until January 19, averting a looming shutdown.

The temporary funding extension gives more time to lawmakers from both parties to reach an agreement on funding for the remainder of the 2018 fiscal year, which ends September 30.

The bill adopted by Congress on Thursday also unlocks four billion dollars to build a new missile base in Alaska, and to repair US Navy ships damaged in recent accidents.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Jamaica Premier League to resume December 7 after Melissa disruption
Latest News, Sports
Jamaica Premier League to resume December 7 after Melissa disruption
November 11, 2025
The Wray & Nephew Jamaica Premier League, which has been inactive since last month, will return on December 7. The league was put on hold on October 2...
{"jamaica-observer":"Jamaica Observer"}
Electricity to be restored in Westmoreland, Hanover within two weeks — JPS
Latest News, News
Electricity to be restored in Westmoreland, Hanover within two weeks — JPS
November 11, 2025
KINGSTON, Jamaica  (AFP) — Despite cautioning that its infrastructure in western parishes must be rebuilt and not merely repaired due to the scale of ...
{"jamaica-observer":"Jamaica Observer"}
Adventists help restore connection through Starlink
Latest News, News
Adventists help restore connection through Starlink
November 11, 2025
MANDEVILLE, Jamaica — In the wake of Hurricane Melissa, the Seventh-day Adventist Church has stepped forward to reconnect individuals with their loved...
{"jamaica-observer":"Jamaica Observer"}
Telecoms network rebounding as Jamaica receives 700 Starlink units after Melissa
Latest News
Telecoms network rebounding as Jamaica receives 700 Starlink units after Melissa
November 11, 2025
KINGSTON, Jamaica — Jamaica’s telecommunications sector is steadily recovering following the passage of Hurricane Melissa, bolstered by the arrival of...
{"jamaica-observer":"Jamaica Observer"}
Jamaica records more than 1,000 flights in 13 days following Hurricane Melissa
Latest News
Jamaica records more than 1,000 flights in 13 days following Hurricane Melissa
November 11, 2025
KINGSTON, Jamaica — Jamaica’s aviation sector has shown strong resilience in the wake of Hurricane Melissa, with the country recording 1,138 flights b...
{"jamaica-observer":"Jamaica Observer"}
Guyana signs production sharing agreements with international oil and gas firms
Latest News, Regional
Guyana signs production sharing agreements with international oil and gas firms
November 11, 2025
GEORGETOWN, Guyana (CMC) –  The Guyanese government Tuesday signed a  production sharing agreement for the shallow-water Block S4 offshore Guyana with...
{"jamaica-observer":"Jamaica Observer"}
Portmore church extends helping hand to Trelawny after Hurricane Melissa
Latest News, News
Portmore church extends helping hand to Trelawny after Hurricane Melissa
BY CARLYSIA RAMDEEN Observer Online reporter ramdeenc@jamaicaobserver.com 
November 11, 2025
ST CATHERINE, Jamaica — The Portmore-based House of Transformation Worship Centre has stepped in to assist residents of Trelawny who were affected by ...
{"jamaica-observer":"Jamaica Observer"}
Two communities remain marooned after Melissa — ODPEM
Latest News, News
Two communities remain marooned after Melissa — ODPEM
Rain could affect relief efforts this week
November 11, 2025
KINGSTON, Jamaica — Director General of the Office of Disaster Preparedness and Emergency Management (ODPEM) Commander Alvin Gayle says two communitie...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct