PRESIDENT BASKS IN TAX GLOW

US President Donald Trump has celebrated the passage of his tax bill at the White House along with Republican congressional leaders.

“It’s the largest tax cut in the history of our country,” Mr Trump said.

A vote of 224-201 in the House on Wednesday was the final hurdle. No Democrats voted for it, and they were joined in opposition by 12 Republicans.

“In this bill, not only do we have massive tax cuts and tax reform, we have essentially repealed Obamacare, and we will come up with something that is much better,” Mr Trump told reporters. The legislation also repeals the individual mandate that required Americans to purchase health insurance. The legislation has significant implications for Hollywood, including a massive tax cut for media companies.

It is unclear when Mr Trump will actually sign the legislation.

Picture: AP US President Donald Trump speaks about the passage of the tax overhaul bill on the South Lawn at the White House in Washington, with his jubilant Republican party members.