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Trump Signs Massive Tax Bill Into Law

President Trump signed the massive bill before heading to his Mar-a-Lago estate for the holidays.

WASHINGTON -- The Republican tax bill is now the law of the land. 

President Trump signed the massive bill before heading to his Mar-a-Lago estate for the holidays. 

The measure slashes the corporate tax rate from 35-21 percent. 

Republicans say all income classes will see tax cuts but Democrats argue that the bill primarily benefits the wealthy. 

It is also projected to add more than one-trillion dollars to the federal deficit over 10 years. 

Trump also signed the continuing resolution that will keep the government open through January 19. The measure includes $4 billion for missile defense.

(Photo by Olivier Douliery/Getty Images.)

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