President-elect Donald Trump may be a billionaire, but his blue-collar appeal is what helped him win last month’s election.
Now, he is contending with the conundrum of how to govern during his second administration, considering his broad coalition and their conflicting interests.
Two challenges for Trump have already emerged, even before the inauguration, as congressional Republicans, including House Ways and Means Chairman Jason Smith (R-MO) and Senate Majority Leader-elect John Thune (R-SD), start drafting a tax reform bill, despite disagreement over their legislative strategies.
“We’re going to be cutting taxes still further,” Trump told CNBC this week. “We got [the corporate tax rate] down to 21%. We’re going to bring it down even below that. You pay 21 if you don’t build here, and meaning your product, or whatever it is you’re building, and if you do,…
