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Roubini: why Trump should tax the rich, but won’t

Republicans continue to delude themselves that supply-side, trickle-down tax policies work

Roubini: why Trump should tax the rich, but won’t
Photo: iStockPhoto

US President Donald Trump’s first major legislative goal – to “repeal and replace” the 2010 Affordable Care Act (“Obamacare”) – has already imploded, owing to Trump and congressional Republicans’ naiveté about the complexities of healthcare reform.

Their attempt to replace an imperfect but popular law with a pseudo-reform that would deprive more than 24 million Americans of basic healthcare was bound to fail – or sink Republican members of Congress in the 2018 mid-term elections if it had passed.

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