Trump’s Campaign Promises Meet Republican Skepticism

Semafor: “Trump’s arrival in office comes at a tipping point for a Republican Party he’s reshaped in his image. He’s outlined a number of populist economic goals, vowing to get rid of taxes on tips and overtime pay while weighing a ‘significant expansion’ of the child tax credit and new tariffs that he sees as a boon to US manufacturing. His populist allies have gone further: Steve Bannon told Semafor last month that it was time to raise taxes on the wealthy and corporations.”

“But Trump is now avidly pursuing new corporate partners and investments that line up with a fiercely pro-business — and conventional — Republican agenda, hosting tech industry chiefs at Mar-a-Lago as he forges a close alliance with Elon Musk and rolls out a $100 billion SoftBank investment. The contrast between Trump’s pro-working class talk and his pro-business actions has some of his own supporters asking whether any of his more populist ideas will end up becoming real administration policies.”