Prez Trump signs US' biggest tax overhaul bill into law
US President Donald Trump has signed a tax cut bill which proposed the country's biggest tax overhaul in 30 years into law. The tax reform is estimated to cost $1.5 trillion (over â¹96 lakh crore) to the US economy. The legislation will nearly double the standard deduction for individuals and cut the corporate tax rate from 35% to 21%. 