WASHINGTON (AP) — President Donald Trump has signed into law a $1.5 trillion bill that provides generous tax cuts for corporations and the wealthiest Americans, plus smaller cuts for middle- and low-income families. It is the first major overhaul of the nation’s tax laws since 1986. The tax cuts are expected to add $1.5 trillion to the national debt.

UNDATED (AP) — The Republican tax overhaul includes an expanded child tax credit at the insistence of Republican Sen. Marco Rubio. But the benefit for poor families will vary. Experts say the expanded credit will provide little relief for some of the lowest-income families. An analyst with the Center on Budget and Policy Priorities expects about 10 million children among the lowest-income working families to receive a token increase or none at all.