- Tax policymaking entails a series of trade-offs, David M. Smick says
- Smick: If Trump delivers on tax reform, he'll have to make some hard political choices
David M. Smick is chairman and CEO of the macroeconomic advisory firm Johnson Smick International and founder and editor of the International Economy magazine. His new book is "The Great Equalizer: How Main Street Capitalism Can Create an Economy for Everyone." The opinions expressed in this commentary are his.
(CNN)Facing fierce criticism from the right on fiscal policy, President Donald Trump has developed a new sense of urgency. In an interview last weekend with Fox's Bill O'Reilly, when asked if Americans should expect a tax cut this year, instead of saying something along the lines of "yes, absolutely," Trump offered the more restrained, "I think so ... before the end of the year. I would like to say yes."