“The task in front of Congress over the coming week boils down to a basic question: Does Washington work for all of us or just for those at the top?”
“The Trump administration has prepared an executive order that would unravel Obamacare’s individual mandate, but”…
We have to win more.
But whatever the case, his “shock and awe” subsidies decision ultimately led Sen. Lamar Alexander and Sen. Patty Murray to reach a short-term deal to keep the entire healthcare system from falling apart.
“But how can an administration that pretends to be populist, to stand up for ordinary (white) working people, sell such elitist policies?”
“We’re not getting the job done. And I’m not going to blame myself. I’ll be honest.”
“The premiums are going to go up, the premium subsidies go up. They’re just paying out of their left pocket instead of their right pocket,” David Windley, managing director at the bank says, adding that Trump is just “cutting off [his] nose to spite [his] face.”
Well don’t worry America, because if Obamacare wasn’t already in trouble, Trump is going to do everything in his power to undermine it.
“If Congress doesn’t like a law, it can change it. If the president does not like a law, he cannot be allowed to sabotage it.”
“In isolation this legislative victory is likely to be interpreted as bullish for other aspects of the agenda, including tax reform.”
“In our view, the failure to push through healthcare reform by the GOP last week was possibly the best thing to happen to Trump trades since the inauguration. “
“Suddenly Republicans will have to find $1 trillion more in loopholes to close or taxes to raise if they want their reduction in tax rates to be budget neutral.”
“Traders have lost confidence in their ability to interpret what’s plainly market-moving news. Far from hoping to be the first to trade, they need someone else to commit and help create the narrative.”
“‘Tis but a scratch!”
Good news is that Trump and Congress are likely to “pivot hard” on economic growth agenda with tax reform right at the center. “They can’t afford another humiliating defeat”