WASHINGTON (Dec 21): President Donald Trump declared that Republicans had passed the largest tax cut in U.S. history and said corporations would no longer relocate their headquarters overseas after the House sent the legislation to his desk on Wednesday.

“It hasn’t been done in 34 years, but actually hasn’t been done, because we broke every record,” Trump said at a White House event to celebrate the Republican tax overhaul. “We’re not going to lose our companies any more. They’re going to stay in our country.”

The White House took a victory lap on Wednesday after the tax bill cleared the House, with a briefing for reporters by anonymous officials and in an interview ahead of Trump’s public remarks. It’s not clear when Trump will sign the legislation. Trump has often compared the bill to former President Ronald Reagan’s 1986 tax overhaul, passed 31 years ago.

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