US tax overhaul legislation taken in Congress

President Donald Trump celebrates with Congressional Republicans after the U.S. Congress passed sweeping tax overhaul legislation on the South Lawn of the White House in Washington, U.S., December 20, 2017.

Jonathan Ernst | Reuters
President Donald Trump celebrates with Congressional Republicans after the U.S. Congress passed sweeping tax overhaul legislation on the South Lawn of the White House in Washington, U.S., December 20, 2017.

It may be too early to tell if a tax bill that just cleared Congress is “the rage” in Corporate America, as President Donald Trump claimed Friday.

In a tweet, Trump said the Tax Cut and Reform Bill — which will slash the U.S. corporate tax rate to 21 percent from 35 percent — “has taken on an unexpected new source of ‘love’ – that is big companies and corporations showering their workers with bonuses.” Trump concluded the tweet saying: “This is a phenomenon that nobody even thought of, and now it is the rage. Merry Christmas!”

About Ove Svidén

Ove Svidén was born on March 10, 1937 at 12:15 in Stockholm, Sweden. M.Sc., 1960, Aircraft Engineering, KTH, Royal Inst. of Technology, Stockholm. B.A., 1980, Psychology, Education, Politics at Linköping University. Received a Ph.D. 1989, on Scenarios, Dept. Management and Economics, Linköping University. Futures Research 1988-91, Systems Engineering and Consensus Formation Office at Drive Project, DGXIII, Brussels. CEO at ARISEeeig on Road Transport Informatics, 1992-99, Brussels. President, World Peace Foundation from 2001-, Stockholm (www.peace.se).
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One Response to US tax overhaul legislation taken in Congress

  1. Pingback: Trump överraskar sina väljare med en djärv skattereform | Filosofens blogg

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