Lessons from Trump’s Health-Care Debacle
The US administration's economic agenda suffered a major setback when congressional Republican leaders withdrew their hastily drafted bill to repeal the Affordable Care Act. The failure of the president's high-profile effort on the bill's behalf highlights three obstacles that lie ahead when Republicans try to tackle taxes.
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WASHINGTON, DC – US President Donald Trump’s domestic economic agenda suffered a major setback last week, when the House Republican leadership decided to withdraw their hastily drafted bill to repeal and replace the Affordable Care Act (ACA, or “Obamacare”). Given the high-profile effort the president devoted to the issue, the Republican majority’s failure to produce a viable draft was deeply embarrassing.