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Transcripts For FOXNEWSW Shepard Smith Reporting 20171222

Forecast . Thats ahead in this hour of Shepard Smith reporting. Im Rick Leventhal in for Shepard Smith. The republican tax bill is the law of the land. The president signing the measure today. His first major legislative victory as president. It triggers the most sweeping changes to the tax code in decades. At a signing ceremony in the oval office, the president called the republican bill tremendous. Everything in here is really tremendous things for businesses, for people, for the middle class, for workers. And i consider this a bill for the middle class and a bill for jobs. And jobs are produced through companies and corporations. You see that happening. Corporations are literally going wild over this. But democrats call the bill a scam. One of the worst pieces of legislation in history. They say it favors the rich and big corporations. Democrats predicting the new tax law will come back to haunt republicans in the 2018 midterms. The president signing a temporary spending bill before

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