Who wins (the rich), who loses (anybody who doesn’t like deficits), and why it might take a miracle for the plan to become a law
There are two compelling narratives around President Donald Trump’s first 100 days. The first is his transformation from heterodox populist to orthodox Republican. Although he ran as a mold-breaking renegade, his economic policies come straight out of the conservative mold, from cutting business regulations to backing off threats to label China a currency manipulator and supporting plans to reduce health-insurance coverage for the poor.
The second story is that Trump has been more focused on optimizing for his own income and branding than for political victories. He has visited no foreign leaders, passed no major laws, given no major political addresses, and disappeared as the GOP effort to repeal Obamacare failed, all while doing little to refute accusations that he’s using the office to raise membership revenue at Mar-a-Lago and mixing business and politics in ways that are unprecedented for a sitting president.