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00:00:00
>> I am keeping my promise. I'm signing it before Christmas.>> President Trump signs the biggest tax cut in decades, marking a triumph and end to a tumultuous first year in the White House, but the celebration may be brief. I'm Andy Sullivan in Washington, where the President signed two massive bills before jetting off to his Florida estate for the holidays.
00:00:18
The first is his most consequential accomplishment to date, a $1.5 trillion tax cut that will significantly reshape the US economy. The second one represents unfinished business. It's a band aid of a budget bill, that extends government funding through January 19. That only postpones bitter fights over healthcare, immigration, and how much the government should spend.
00:00:41
Republicans say their tax cuts will push the US economy into over drive, and Trump made the case, that's already happening. He praised companies like AT&T and Wells Fargo, that announced employee bonuses after Congress passed the tax bill.>> I think the corporations are giving billions and billions of dollars away to their workers, and many more are coming.
00:01:01
I think that's really what's selling this, maybe better than anybody could, including myself.>> But the President had less to say about the latest in a series of short-term spending packages, that will keep the government from shutting down at Christmas, but it underscores the deep divisions plaguing Capital Hill.
00:01:18
Lawmakers left town unable to agree on a host of issues, from disaster relief to how to handle undocumented immigrants, and even defense spending. Republicans want to boost the military and cut domestic programs, while Democrats want to help the troops and boost domestic spending. Lawmakers also face a bruising battle in the coming months over the so-called dreamers, the thousands of young immigrants who entered the country illegally as children.
00:01:41
And there’s still the question whether Republicans will take up health care again in the new year, after their effort to repeal Obamacare ran aground repeatedly over the summer. Trump says the new program is imploding, even as sign-ups for 2018 are on the upswing, with nearly nine million people enrolled.
00:01:57
There's no doubt that President Trump is finishing a rocky first year on a high note, but this pile of unresolved business suggests that he may have a tough year ahead. Polls show that Republicans could be in trouble in next year's mid-term elections, and even their tax cut package isn't popular with the American public.
00:02:14
Trump says that could change once people start seeing more money in their paychecks, but he only has a few months to change people's minds before they head to the voting booth.