Credit: Shutterstock photo(Washington)
If you are in favor of Trump's planned tax package, you will not be pleased today. Senate GOP leader Mitch McConnell has said that Trump's plans aren't likely to make it through the Senate. Trump's plan represents priorities that "aren't necessarily ours", said McConnell. The big issue seems not to be in the tax cuts themselves, but the spending cuts across the government's budget. "The Democrats aren't irrelevant in the Senate, and they won't be on this", says McConnell.
FINSUM : Congress is going to fight tooth and nail over these budget cuts, and Trump seems likely to have a hard time getting them through in anything near their current form.
Source: Bloomberg
- Trump
- taxes
- deficit
- budget
- senate
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
