No tax cuts for Christmas? Trump might delay bill signing

By STEPHEN OHLEMACHER Markets Associated Press

President Donald Trump might wait until next year to sign the tax bill into law, delaying $120 billion in automatic cuts to popular programs such as Medicare and sparing Republicans from having to explain them in an election year.

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Here's why: If Trump signs the tax bill this month, it could trigger steep automatic spending cuts early next year to a raft of programs. But if Trump waits until January to sign the bill, the spending cuts would be delayed until 2019, giving lawmakers a full year to prevent them.

Congress gave final approval to the $1.5 trillion tax package Wednesday.

The bill-signing delay wouldn't affect taxpayers.

It is, however, another example of how politicians from both major parties routinely flout a law that was meant to instill fiscal discipline.