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Trump Debt Limit Deal Undermines Trust Among GOP on Tax Overhaul

  • President pushes for ‘speed-up’ on tax cuts following Irma
  • Majority of economists in Bloomberg poll don’t expect 2017 cut
Bloomberg business news

Battles Within the GOP Emerge After Debt Limit Deal

The White House said President Donald Trump cut a short-term debt ceiling and government spending deal with Democrats to clear the deck for a major tax bill. But the agreement could be complicating tax efforts by eroding trust within his own party.

Not only has the deal sowed doubt among the GOP about its unpredictable president, but it’s also driving a wedge between Republicans and their leaders in Congress, just as the party is desperate to deliver on one of its top priorities.