Skip to main content

Still waiting for clarity on fiscal policy

The flurry of executive orders slowed to a crawl last week, suggesting that President Donald Trump and his administration have realised that there are limits on his ability to govern by diktat. If Trump wants to achieve anything of substance, it will require Congressional approval. The question now is whether the administration can successfully alter its approach and work together with Congress. It already appears that health care reform will be delayed for some considerable time because of the difficulties in developing a viable alternative. We are still more optimistic about the possibility of a significant reduction in income tax rates by mid-year, however, with Trump apparently set to unveil more details on fiscal policy in his speech to Congress on 28th February.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access