In the afterglow of Donald Trump's unexpected triumph,Republicans exulted over what they could accomplish with control ofboth chambers of Congress and the White House.

But behind the public show of unity, a stark differencelooms. House Speaker Paul Ryan is a fiscal hawk who wantsto couple tax cuts with deep spending cuts. Trump catapultedhimself into the presidency talking about tax cuts too, buthe also is proposing a multibillion-dollar infrastructure planand has vowed to protect entitlement programs like Social Securityand Medicare.

Such gaps went unmentioned when Trump met with Ryan and SenateMajority Leader Mitch McConnell last week. But ultimately, oneside will have to bend, whether Trump ends up moderating hisspending and tax-cut plans, or congressional fiscal hawks relent ontheir opposition to new spending.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.