Wednesday on CNN, former Obama chief strategist David Axelrod said with the passing of the Republican tax plan and other policies he has forwarded President Donald Trump “is doing consequential things.”
Axelrod said, “It is advertised as something that will spur growth. We’ll see. The Fed and most experts suggest only modest job growth and gains. It is good for shareholders. But we will see all of that will reveal itself in the future. But it is a big policy shift, as these things often are. Certainly, on healthcare, it is going to make a big difference. It is added some preferences, taken some preferences out of the tax code. So this is big. His sort of rapid regulation of the environment, of consumer protection of finance, huge. His pulling out of global agreements, very, very big. So he is doing consequential things.”
He continued, “I have doubts about whether the consequences are going to be positive, but you cannot deny this is an impactful piece of legislation, and he has had an impact with some of his other policies.”
(h/t RCP Video)
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