Can Republicans Defend Tax Reform After It Becomes Law?
Congress passed the largest overhaul to the American tax code in over three decades. If and when President Trump signs it into law, will Republicans be able to defend the bill, given its low national approval ratings?
Nick Givas, Media Reporter at The Daily Caller, and Nate Lerner, Executive Director at the Democratic Coalition, discuss the uphill battle Republicans face selling tax reform in time for the 2018 midterm elections. Lerner says it's the same problem that Democrats faced after passing passing the Affordable Health Care Act.
Givas and Lerner also discuss whether President Trump signs the tax bill into law before the New Year. If the bill is signed before the holidays, then it will cause immediate cuts to programs like Medicare thanks to the Reagan-era Paygo law. It forces the federal government to make major cuts to programs when Congress passes a law that will cause national debt to rise.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
Why not tax the millionaires? That question won't seem to go away as Congress begins drafting a package of tax breaks and spending cuts for President Donald Trump’s “big, beautiful bill."
X, the social media platform owned by Trump adviser Elon Musk, is challenging the constitutionality of a Minnesota ban on using deepfakes to influence elections and harm candidates.
