President Trump and the GOP just passed the most historic tax bill in 31 years!
Trump, while thanking Mitch McConnell and Paul Ryan: “If you work hard and lose, that’s not acceptable.” pic.twitter.com/6VVgVxgD5l
— Washington Examiner (@dcexaminer) December 20, 2017
From the Washington Examiner
“We broke every record… It’s the largest tax cut in the history of our country,” Trump said during a speech on the South Lawn of the White House, flanked by Republican lawmakers from both chambers.
“This is going to mean companies are going to be coming back,” Trump said. “You know, I campaigned on the fact that, you know, we’re not going to lose our companies anymore.”
“They have tremendous enthusiasm right now in this country and we have companies pouring back into our country,” Trump added.
Shortly before Trump and GOP lawmakers emerged from the White House to celebrate their legislative success, AT&T announced it would pay roughly 200,000 of its employees a $1,000 bonus as a result of the impending tax cuts. Trump touted the announcement as evidence that the Republican tax plan would soon start delivering for workers.
“It’s always a lot of fun when you win,” Trump said. “If you work hard and lose, that’s not acceptable.”
The president highlighted the individual mandate repeal included in Republicans’ tax legislation, noting the provision “essentially repealed Obamacare” because taxpayers will no longer face a penalty if they decline to purchase health insurance.
“We are making America great again,” Trump said, reprising his signature slogan. “You haven’t heard that, have you?”
House Speaker Paul Ryan credited Trump’s “exquisite presidential leadership” for helping guide the tax reform bill through Congress over the past several months.
“Mr. President, thank you for getting us over the finish line,” Ryan, R-Wis., said. The House initially passed the tax reform bill Tuesday afternoon, but had to re-vote on the legislation Wednesday morning after a parliamentary snag forced members to take the measure up again.
Senate Majority Leader Mitch McConnell ticked through a list of Trump’s accomplishments before praising Trump for his efforts to pass tax reform. Trump had already lavished effusive praise on McConnell earlier in the day for serving as a “partner” in the tax fight.
“We’ve cemented the Supreme Court right of center for a generation,” McConnell, R-Ky., said. “Mr. President, thanks to your nominees, we’ve put 12 circuit court judges in place. You’ve ended the overregulation of the American economy and that, coupled with what we did last night and what the House did this morning, means America is going to start growing again. ”
Vice President Mike Pence, who stood just behind Trump throughout the celebratory event on Wednesday, promised the Republican tax bill marked the beginning of policy successes heading into 2018.
“President Donald Trump is a man of his word. He’s a man of action and with the strong support of these members of Congress, President Donald Trump delivered a great victory for the American people,” Pence said. “We made history today, but as the president said when we gathered this morning… we’re just getting started.”
After a number of high-ranking Republican lawmakers delivered remarks thanking Trump for spearheading the tax reform talks, Trump turned the focus back on the members behind him by expressing gratitude for their own efforts.
“They have been working on this for years and years,” Trump said of congressional Republicans.
White House officials have not yet signaled precisely when Trump will sign the tax bill into law.