Washington’s No. 1 economic priority is tax cuts, not NAFTA
WASHINGTON — A U.S. lawmaker dropped a remark this week that illustrated how NAFTA is not the No. 1 economic priority in Washington these days, obscured by another paramount prerogative.
That issue is tax cuts.
As America’s neighbours wonder whether the U.S. Congress might take a strong public stand against the cancellation of the three-country, free-trade agreement, a candid crack from Chris Collins made clear another economic file is causing cold sweats.
The Republican admitted he’s under pressure from his political donors to pass a massive tax-cut package, which would reduce rates on corporations and most Americans and give the wealthiest especially huge benefits by ending the estate tax.