US Prez Donald Trump, signs into law sweeping overhaul of tax code

US President Donald Trump, has signed into law a sweeping overhaul of the US tax code, two days after the Republican plan was adopted by Congress in a major political victory.

Making good on a vow to push through the tax cuts before Christmas, Trump endorsed the bill shortly before departing for a year-end break at his Mar-a-Lago resort in Florida, pulling forward a formal signing initially planned for January.

Trump this week celebrated his first major legislative victory since taking office a year ago as Congress passed the 1.5 trillion dollars overhaul, set to impact every corner of the economy through dramatic tax cuts for corporations and temporary reductions for individuals.

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