On January 20 (Inauguration Day), I wrote what I would consider a fairly optimistic piece on President Trump’s agenda to promote economic growth through fiscal policy. However, I warned the following:
“The one thing that President Trump doesn’t have, which you really can’t expect him to have yet, is legislative timing. When I ask myself, “What does Donald Trump really care about more, repealing the Affordable Care Act (ACA) or creating jobs with a big fiscal stimulus package?,” I believe the latter. The one thing Washington can agree upon is repealing and replacing ACA is going to be very messy, and putting it as the first legislative priority can jam up the rest of the administration’s initiatives.”
Fifty-nine days into the Trump presidency, the view I took back in January seems prescient. Currently, the tax overhaul legislative initiative, controversial itself among fellow Republicans, is blocked behind the repeal and replacement of the Affordable Care Act (ACA).