Trump signs $2.6 trillion tax cut, another $1.8 trillion in cuts, with another $819 billion in relief to individuals
- by admin
By MARIANNA CHIASSONAssociated PressTrump signed a $2 trillion tax package Thursday, bringing his overall tax bill to $9 trillion, $800 billion more than expected.
The Senate passed a bill that is nearly as big as the one President Donald Trump signed on Feb. 10.
Trump also gave $1 trillion in tax relief to the wealthiest Americans, giving a total of $869 billion in the first six months of his presidency.
Trump is expected to sign the legislation on Friday.
The Senate passed the tax plan by a vote of 56 to 43.
House Speaker Paul Ryan has said the legislation will add $1trillion to the national debt over the next decade.
The legislation is expected in the Senate by late March or early April.
The Trump administration has said it would like to see the final bill approved before tax holidays begin, but the House has already voted to block the measure.
Republicans have been pushing the bill through despite a bitter fight over its provisions.
By MARIANNA CHIASSONAssociated PressTrump signed a $2 trillion tax package Thursday, bringing his overall tax bill to $9 trillion, $800…