"While it is possible that ACA replacement legislation could reach the President’s desk in April, as Republican leaders have predicted, a delay until May or later continues to look more likely, particularly in light of today’s CBO estimate."
"The slow process on ACA repeal signals that tax reform is likely to take longer than initially expected and that the final tax legislation that Congress enacts is likely to be less radical than the early proposals from House Republicans and the Trump campaign."
The Great American Escalator is broken - and it badly needs to be fixed. With the election of 2016, Americans within the bubble finally learned that the 21st century has gotten off to a very bad start in America. Welcome to the reality. We have a lot of work to do together to turn this around.
Back in 2009, the Obama administration drew a lot of fire from employers and labor unions over Obamacare's so-called "Cadillac Tax", a tax on healthcare premiums over a certain threshold. Fast forward eight years and a similar plan from Republicans seems to be holding up their completion of an ACA replacement bill.
With every passing week Goldman has been turning increasingly more pessimistic on Trump's proposed fiscal and budget plans, and it all culminated in a report released over the weekend, in which Goldman's Alec Phillips explains that over the next few months fiscal reofrm watchers will be disappointed as "three factors will make this year’s budget plans even more difficult to put together."
"I’m not looking to pick a fight with the president of the United States, but if his goal is to put the country on a fiscally sound course, he’s going to have to address entitlement reform. Anybody who is going to balance the budget on discretionary spending [cuts] is on a fool’s errand."
Senate Democrats are set to unveil a $1 trillion infrastructure plan and offer President Donald Trump their support if he backs it. The plan includes $180 billion to rail and bus systems, $65 billion to ports, airports and waterways, $110 billion for water and sewer systems, $100 billion for energy infrastructure, and $20 billion for public and tribal lands.