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Viewsroom

Why U.S. tax reform is doomed, too

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 20 July 2017

⏱️ 15 minutes

🧾️ Download transcript

Summary

Republicans’ failure to replace Obamacare throws into doubt Washington’s ability to keep other high-profile election promises, not least cutting corporate levies. Meanwhile, President Trump’s fuzzy agenda for reforming NAFTA could give Canada and Mexico more bargaining power. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Something unexpected has arrived in Happy Meal.

0:03.0

Teenage Mutant Ninja Turtles and Hello Kitty and friends are teaming up for the ultimate collab.

0:08.0

Joining your little ones on a fun-fueled adventure.

0:11.0

Some fun, some food, it's all inside this Happy Meal.

0:16.0

Until the 2nd of February from 11am includes one pre-selected book or toy whilst it's last.

0:20.0

The views expressed on this podcast are those of the participants, not of Reuters' News.

0:32.9

Republican attempts to overhaul Obamacare look dead and buried.

0:36.7

So what does this mean for the rest of the Trump administration's agenda?

0:40.9

And meanwhile, the president's fuzziness on NAFTA is giving Mexico and Canada an opening.

0:46.0

These are the issues we'll be tackling in this week's edition of the Views Room,

0:49.1

a weekly conversation among breaking news columnists about the ups and downs of the world of finance. I'm your host, Anthony Curry, and I'm joined as ever by my co-host, Jen Saber. Hi, Jen. Hello. And we have a full house in Washington, D.C. this week. Our team is joining us to discuss both these issues. We've got Gina Chon as well as Anastasia Chacon. Welcome to both of you.

1:11.3

Thanks for having me. Thank you. All right. So the Better Care Reconciliation Act is now currently

1:17.5

dead. Gina, you've been following this issue very closely since President Trump took office in

1:21.9

January and his desire has been to completely overhaul health care in the United States.

1:28.6

How big is this latest sec back that just occurred? It's pretty major. This is the second attempt by the Senate to try to

1:35.3

replace Obamacare. The last attempt in June failed as well. Senate Majority Leader Mitch McConnell's

1:43.0

latest gambit is now to just repeal the law outright

1:47.8

without a replacement and have a two-year transition in which they hope to figure out some sort

1:54.5

of alternative plan. But as we've seen now in the last few months, that seems highly unlikely.

2:01.1

As we've seen, the Republican Party is pretty divided on this front, on both the conservative and moderate side.

2:07.6

So they've had a really hard time coming up with a compromise that could satisfy both.

2:12.6

In the meantime, that means if they do try to do an outright repeal, that could kick off millions of people

...

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