When Donald J. Trump huddled with Republican senators at a closed-door meeting in the Capitol days before his inauguration, Senator Rick Scott of Florida rose and gushed to him about the exhilarating opportunity the party had to “right-size” the federal government by slashing it mercilessly, a long-held conservative goal. Mr. Trump brusquely agreed but quickly … Read more
President Trump was supposed to cap his first week since returning to the White House with a speech on Saturday in Las Vegas about an economic plan that he suggested was crucial to his election win. But despite the massive sign by the stage stating “NO TAX ON TIPS,” any details on how he would … Read more
Top Republicans are passing around an extensive menu of ideas to cover the cost of a massive tax cut and immigration crackdown bill. They could create a 10 percent tariff on all imports, bringing in an estimated $1.9 trillion. They could establish new work requirements for Medicaid recipients, bringing in $100 billion in savings. They … Read more
If President Trump has his way, the auto industry’s transition to electric vehicles will soon slam into reverse. He will erase tax credits for electric vehicle purchases, federal grants for chargers, and subsidies and loans to help retool assembly lines and build battery factories. Executive orders issued by Mr. Trump on Inauguration Day amount to … Read more