Norbolsa | Now that the budget extension has been dealt with over the weekend, the Republican Party is now focusing on the debate on how to implement the president’s tax plan. The debate centres on the ability to achieve the $1.5-2 trillion in spending savings over 10 years that is envisaged in the president’s programme. For a part of the Republican Party, in order to achieve these savings it is necessary to touch the low-income medical assistance programme (Medicaid), a measure about which some have doubts due to the risks of the economy going into recession, as well as the weight that this programme has in the states that have voted for Trump. Together with Trump’s tax reform and cost savings, the other focus of the debate is the debt ceiling, which will be reached in the middle of the year. Thus, the spokesperson in Congress wants to bring the tax reform to debate at the beginning of May, where he has a narrow majority, leaving little room for manoeuvre afterwards in the Senate.
Trump’s tax reform aims to achieve spending savings of between $1.5-2 trillion over 10 years
