One key stumbling block is causing Wall Street to question Trump’s whole economic agenda

ow that healthcare has turned into such a debacle that even the country’s ruling party and its president cannot agree on even its basic framework, those second and third parts of Trump’s legislative agenda are likely to be weakened, delayed and in some cases, foregone.

Goldman Sachs Economist Alec Phillips said in a recent podcast he’s telling clients to tamp down their enthusiasm.

“If you look at the chronology of this, right after the election, there was a discussion about this was going to be a 2017 tax cut,” Phillips said. “Now it’s clearly a 2018 tax cut. Who knows, it could be a 2018-2019 story ultimately.”

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