From the first year of the Trump administration we expect to see two budgets and the repeal and delay of the affordable healthcare act.
From the first 100 days we expect to see no substantial legislative activity however, what we do expect to see is rolling back of regulations put in place over the last eight years through presidential corrective and congressional research acts.
Now, in the first portion of the year we expect to see the first budget which will complete left over business for the fiscal year and that’s the site where we will see the repeal and delay of the affordable healthcare act.
Now, in the second portion of the year, we think sometime in October, we’ll see the big comprehensive tax reform that we expect to be put in place. That tax reform will be defined by three separate things:
- first, three individual brackets of 12, 25 and 33 per cent;
- two, rolling back of the corporate tax rate from 35 to either 15 or 20 per cent; and
- and three, what’s called a border arrangement tax system which will help offset the cost of 1.8 trillion over 10 years that defines reducing corporate tax rate to either 15 or 20 percent.