President Trump meets with leaders of the pharmaceutical industry at the White House on Jan. 31. Seeing the potential for failure, Republicans reportedly will consider linking tax reform with an infrastructure bill. “Trump feels burned by the conservative House Freedom Caucus and is ready to deal with Dems,” Mike Allen reports. Pay for infrastructure with tax goodies for developers and Trump undermines the premise of tax reform (eliminate loopholes and tax expenditures in exchange for lower rates) and risks losing Democratic votes. By combining the two big initiatives — tax reform and infrastructure building — the nightmare scenario of a double defeat looms large.

Source: Washington Post March 28, 2017 15:45 UTC