Trump Agenda Faces a Fiscal Reckoning

During President-elect Donald Trump’s first term he signed a giant tax package, but large swaths of that tax cut expire at the end of next year, setting up an expensive debate that could overshadow his other goals.

“Nobody wants to acknowledge at all the sheer enormity of the challenge,” Bracewell’s Liam Donovan told The New York Times. “There’s a reckoning coming.”