Dem senators tear into Trump: Tax bill 'a very big Christmas gift from Trump to himself'

Dem senators tear into Trump: Tax bill 'a very big Christmas gift from Trump to himself'
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Sen. Chris Van HollenChristopher (Chris) Van HollenOvernight Defense: Pentagon asked to prep housing for up to 20K migrant children | Senators move to block F-35 transfer to Turkey | Trump Mar-a-Lago trips cost Coast Guard M Senate spending bill would require disclosure of Trump travel ban details Senate moves to block F-35 transfer to Turkey MORE (D-Md.) hit President TrumpDonald John TrumpTom Arnold claims to have unreleased 'tapes' of Trump Cohen distances himself from Tom Arnold, says they did not discuss Trump US military indefinitely suspends two training exercises with South Korea MORE over the GOP tax plan on Friday after Trump signed the bill into law, calling it a “very big Christmas gift from Trump to himself.”

“Here's President Trump's check writing, whoops, I meant bill signing ceremony today,” Van Hollen tweeted.

“How would you like to sign a check over to yourself and your family worth $11M per year? Yes, a very big Christmas gift from Trump to himself.”

The New York Times reported Friday that the new tax code could save Trump $11 million, based on information from his 2005 tax return that was released publicly by DCReport.org in March. Trump has not released any of his tax returns himself.

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Other Democrats homed in on the Times report, tweeting their opposition after Trump signed the bill.

Trump has repeatedly insisted that he would not benefit personally from the tax overhaul, despite several analyses showing that he and his family would benefit.

Over the past few months, Trump and the GOP have touted the bill as a “Christmas gift” to middle-class families, noting that every tax bracket would get a tax cut in 2018.

Democrats have criticized the bill, however, arguing that it would benefit corporations and the wealthy, while hurting middle-class and low-income Americans. They note that most of the tax cuts for individuals expire after 2025, while the ones for corporations are permanent. 

Trump signed the bill into law on Friday, marking his first major legislative victory since taking office. He said the decision to sign the bill was made late and because of criticism in the media about it being delayed. 

Many lawmakers left town after passing a stopgap spending bill on Thursday. As a result, the president wasn't surrounded by congressional GOP leaders who helped shepherd the bill to him when he signed it.