Trump’s economic policies are the area most likely to outlast a one-term presidency, Axios’ Dion Rabouin writes.
Undoing the 2017 tax cuts would take another act of Congress. And those tax cuts, coupled with skyrocketing federal spending under Trump, have sent annual budget deficits over $1 trillion for the foreseeable future.
But on many of the biggest domestic policy issues, his impact has been lighter.
On health care, the administration is falling short of its original ambitions. The Affordable Care Act is still standing. Several big regulatory ideas have fallen by the wayside; or won’t be finished by 2021; or are meeting resistance in the courts. Some will make it through, but their cumulative impact would be a lot smaller than what Trump once envisioned.
On energy, too, big-picture promises of bringing back the coal industry have fallen flat, Axios’ Amy Harder writes, while many efforts to roll back Obama-era rules and other regulatory changes are caught up in delays and legal challenges.
On trade, a Democratic president could unilaterally unwind Trump’s trade war, although it’s not clear that a President Sanders or a President Warren would want to.