Along with regulatory rollbacks, tax cuts and infrastructure spending were part of Trump’s big plans for the economy in the first year of his presidency. However, so far none of those things has fully emerged. That said, the Republican tax plan is gaining traction as Paul Ryan is pushing it in the House. Ryan acknowledged the obstacles to the plan, but said he and his party will not back down. “The defenders of the status quo—and there are many of them—they’re counting on us to lose our nerve, to fall back, or to put this off altogether … But we will not wait for a path free of obstacles. Guess what? It does not exist”.
OxWFD: The political fissure between Democrats and Republicans has grown so sharp, that it will be very hard to pass a package of tax cuts that looks anything like what Republicans have proposed so far.
Source: Wall Street Journal