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Implications of Shutdown, Tax Reform, Infrastructure Program

It is clear the Democrats are playing to their base over immigration, and they have misplayed their hand this time. Likewise calling tax reform Armageddon…

By Joel Ross | Updated on January 22, 2018

Joel Ross

It is clear the Democrats are playing to their base over immigration, and they have misplayed their hand this time. Likewise calling tax reform Armageddon and other extreme words will prove to be a big mistake. If they stand in the way of an infrastructure program, then they will just compound the problems they have for 2018. They are turning what some beleived was an opportunity to win back the house into a potential major loss. As we all know, in the end “it is the economy stupid”, when it comes to elections. For CRE this matters a lot. If the Democrats regain control of the House, we will have a complete do nothing government for two more years, and a series of “hearings” into Trump. It will be a mess.

Whatever we may all think of Trump, the person, and whatever many of us may know first hand from dealing with him when he was in the private sector, the reality is we need to pay attention to what is the cabinet doing and what is Congress doing right now. Trump is his own worst enemy with his tweets and statements, but underneath all of that, Tillerson, Mattis, Kelly, Ross and others are moving the ball forward with a pro-business approach and that is all good for CRE.

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