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Here Are The Reasons Why Today's Republican Debacle Makes Tax Reform Less Likely
With Americans now "stuck with Obamacare for the foreseeable future", attention shifts to Trump's next agenda item: tax reform. This was confirmed by none other than the President himself who moments ago said that "Republicans will probably work on tax reform now." To be sure, following today's embarrassing fiasco, Trump will be eager to move on to a law which will be easier to pass, and according to market consensus, tax reform is precisely that. Alas, consensus may once again be wrong. Ignoring the fact that work on tax reform in earnest won't start for 6-8 weeks as House Ways and Means member Merchant said ... (full story)
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