If the smart money folks on Wall Street think a special counsel to oversee the Russian probes spells defeat for business tax cuts, they're leaning well over their skis.
The Dow Jones industrial average sold off over 300 points on Wednesday, but it may have come back to its senses with a 140-point gain on Friday. And while there's never 100 ...Read more
"Drain the swamp." It was one of President Trump's most powerful messages on the way to victory. Shake up Washington, D.C. Break a few eggs to create a new omelet. Overturn the establishment.
Well, hats off to Senate Majority Leader Mitch McConnell for doing some swamp draining when he exercised the "nuclear option" to overturn the filibuster...Read more
After the breakdown of health care reform, both President Trump and the Republican Congress need a W -- a win.
And not just any win but one that will play into the public demand for faster economic growth, better jobs and higher wages. Recent polls show the nexus of growth, jobs and tax cuts vastly outranks health care.
So, most important, ...Read more
The good should never be the evil of the perfect. House Speaker Paul Ryan's health care bill is a very good first step. Massive repeal of Obamacare tax hikes will be great for the economy. Getting rid of the Affordable Care Act mandates will be great for health care. Private-sector competition and choice are always better than government-run ...Read more
Virtually the whole world is beating up on the Trump administration for daring to predict that low marginal tax rates, regulatory rollbacks and the repeal of Obamacare will generate 3 to 3.5 percent economic growth in the years ahead.
In a CNBC interview last week, Treasury Secretary Steven Mnuchin held the line on this forecast. He also ...Read more