GOP Tax Plan: Trump on Tax Bill: 'We Got It Done'

President Donald Trump said his cabinet meeting Wednesday was "one of celebration," and that people would begin seeing the results of the GOP tax bill in February.

"We got it done," he said, thanking Senate Majority Leader Mitch McConnell (R., Ky.) and House Speaker Paul Ryan (R., Wis.) by name. "We have a tremendous amount of talent" in each chamber, he said.

Mr. Trump also addressed other provisions of the tax bill: "When the individual mandate is being repealed that means Obamacare is being repealed ... we have essentially repealed Obamacare and we will come up with something much better," he added, saying block grants might be one approach.

Vice President Mike Pence was invited to give remarks and praised the president for regulatory rollbacks and the delivery of "historic tax cuts ... in just a short period of time, that promise will be fulfilled ... you're delivering on that middle class miracle ... and you got Congress to do what they couldn't do for seven years" in repealing the ACA's individual mandate.

--Louise Radnofsky

(END) Dow Jones Newswires

December 20, 2017 12:39 ET (17:39 GMT)