The Capitol The Capitol

WASHINGTON, DC–It is an understatement to say that the collapse of the Republican measure to repeal and replace the Affordable Care Act on Friday was not part of the grand vision put forth by President Trump and the Republican party at the beginning of the year. Following the expected passage of the American Health Care Reform Act, Congress was going to tackle comprehensive tax reform and then move on to Trump’s plan to invest in the nation’s infrastructure. The sequence was important: the $1 trillion in expected tax savings from the repeal of Affordable Care would make comprehensive tax reform that much easier to achieve. And so on with infrastructure.

With the Republican healthcare reform measure pulled, this schedule is thrown off and the hoped-for savings now largely out of reach.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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