President Donald Trump’s Dealmaking Reminiscent of the Gipper’s

President Donald Trump’s Dealmaking Reminiscent of the Gipper’s

President Donald Trump’s Dealmaking Reminiscent of the Gipper’s

Larry Kudlow, an economics adviser to President Ronald Reagan, said Tuesday that President Donald Trump’s dealmaking with lawmakers is reminiscent of the Gipper’s.

On Tuesday, President Trump addressed Republican lawmakers in a closed-door meeting at the Capitol, warning them that they could lose their seats in Congress if they do not pass a bill to overhaul Barack Obamacare.

The GOP proposal, known as the American Health Care Act, is written to replace the Affordable Care Act (ACA), dubbed Barack Obamacare.
“Reagan was a dealmaker. Trump is a dealmaker. The House has to learn to be a dealmaker,” Mr. Kudlow said on TV. “It’s like the GOP needs to practice bipartisanship with itself.”

He recalled times when President Reagan and former Speaker of the House Tip O’Neill (D-Mass) would hammer out government policy despite their differences.

Negotiations between the conservative House Freedom Caucus, which wants a complete repeal of the ACA, and President Trump have been ongoing since Speaker of the House Paul Ryan, (R-Wisc), introduced the bill last week.

The vote is scheduled for Thursday.

Mr. Kudlow, an economics adviser to The Trump Campaign, says he’s impressed with the President’s willingness to bring lawmakers to the negotiating table at the White House and on Capitol Hill.

“President Trump is right,” he said. “If they don’t get this done, they’re going to be hurt next year. I give him a lot of credit. This is the Trump that gets things done.”

Last week Mr. Kudlow said in a TV interview thatthe focus of healthcare tax credits should be on people who earn an annual $40,000 to $70,000 a year, not those taking home $150,000.

“You don’t need $150,000 a year people getting tax credits. You just don’t, most of them get it through business anyway,” he said. “What you do need is more tax credits, more generosity to the low-income people. Help those to get out of poverty, give them vouchers, let them shop around for insurance.”

“The federal government should guarantee risk pools for the ill so you can take that out of the private exchanges and then you’ll see premiums collapse,” he declared.

Stay tuned…

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