Trump to Mend GOP Bridges to Overhaul Tax Code

Raw feelings and mistrust could pose an obstacle to President Donald Trump and hard-line conservative lawmakers in his Republican Party as they seek to rebound from defeat on health-care legislation by launching into an overhaul of the U.S. tax code.

Trump has accused the Freedom Caucus lawmakers of snatching a “defeat from the jaws of victory” with their rejection of the White House-backed health-care bill to replace President Barack Obama’s 2010 health-care reform bill.



In interviews with 10 of the roughly three dozen House Freedom Caucus members, the lawmakers said they were eager to put aside tensions over the health-care debacle and seek common ground on tax reform.

But there is no consensus, even within the conservative faction, on details of a tax-reform bill, with some members open to discussing ideas such as the border tax plan supported by House leaders and others opposed to it.

Representative Warren Davidson, a Freedom Caucus member from Ohio, said Republicans should leave aside the blame game and work through their policy differences before launching tax reform legislation.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza