1. The First 90 days of the Trump Administration: Policies, Politics and What's Ahead
Frank Donatelli
Executive Vice President
Director, Federal Public Affairs
Gov. Jim Hodges
Senior Advisor
Director, South Carolina Government Relations

2. 2017- A Full Plate, and They Won’t Be Sharing Dessert
GOP Congressional Agenda
Overhauling the Tax Code
Healthcare Reform
Reversing Obama-era Regulations
Trump Nominations
Supreme Court
Trump Administration Agenda
Overhauling the Tax Code
Infrastructure Reform
Immigration Reform
Healthcare Reform
Renegotiating Trade Deals

3. Healthcare Reform

4. Obamacare Repeal & Replace: A Bitter Pill to Swallow
GOP control of Executive Branch and Congress means they are poised to act on its promise to repeal the ACA
Senate budget resolution passed in Jan. 2017
Congressional Republicans have signaled the possibility of a “repeal and transition” strategy
Uncertainty & instability of markets with repeal
The House Freedom Caucus/Tea Party Senators
Leaked House GOP Policy Brief/Discussion Draft
Mixture of policies from Ryan’s House GOP Blueprint & HHS Secretary Price’s repeal bills
Senate Plans
Timeline: Speaker Ryan says repeal to happen before end of 2017

5. Obamacare Repeal & Replace: A Bitter Pill to Swallow
Tom Price confirmed as HHS Secretary on Feb. 10 on party line vote (52-47)
Seema Verma, Trump’s choice to lead CMS, was voted out of Committee on March 1
President Trump and HHS Secretary Price developing their own ACA repeal/ replace plan
Expected Mid-March
Timeline: Puts full-repeal deadline at 2018
“Insurance for everybody”?
Purchase coverage through the use of tax credits and expanded Health Savings Accounts
Trump Campaign Healthcare Platforms Similar to Ryan’s GOP Blueprint
Day One Executive Order to Minimize the Economic Burden of ACA
Executive Order to Stabilize Insurance Market

6. Overhauling the Tax Code

7. Tax Reform- Back to the Future of 1986
Like 1986, Tax Reform Fundamentals Are in Place
Separate Reconciliation Instructions for Health Care and Tax Reform
House and Senate have divergent approaches
House GOP Tax Reform Blueprint – Highlights
Move the U.S. towards a territorial tax system
Lower corporate and individual tax rates
Establish a destination-based cash flow tax system – the proposed border adjustment tax (“BAT”) is the linchpin
Senate plans to release its own tax reform framework – this could look quite different from the House plan
President has his own ideas

8. Tax Reform- Back to the Future of 1986
House GOP Blueprint – Pro- Growth Approach
Calls for a significant reduction of the corporate tax rate: 35 percent  20 percent
Provides full expensing and eliminate the interest expense deduction
Eliminates a host of deductions, credits, and exemptions to help pay for the rate reduction
Moves the U.S. to a territorial system with border adjustability
Senate Tax Reform Models
Portman-Schumer International Framework
Lowers the corporate tax rate
Sets limitations on interest expensing
Includes repatriation
No border adjustment, but provisions to limit companies’ ability to move profits offshore
Hatch Integration Plan
Eliminates the corporate tax rate
Chairman Hatch appears to have backed off pushing this plan

9. Tax Reform- Back to the Future of 1986
Steve Mnuchin confirmed (53 to 47) as Secretary of the Treasury on Feb. 13
What to Expect from a Trump Tax Plan
Calls for a simpler, fairer, and flatter tax code
A shift to a territorial tax system that will help U.S. firms to be globally competitive once again
A reduction in the individual tax rate so that American workers can keep more of what they earn
A reduction in the business tax rate to help stem the tide of corporate inversions
a tax cut package for the middle class that may include a deduction for child care expenses, a federal education tax credit, and an increase to the standard deduction

10. Renegotiating Trade Deals

11. Renegotiating Trade Deals- The Elephant in the Room
Trans-Pacific Partnership (TPP)
On Day 1, President Trump withdrew the U.S. from TPP, fulfilling his campaign promise
North American Free Trade Agreement (NAFTA)
President Trump has made it clear he wants to renegotiate NAFTA – specifics are not known
More bilateral trade agreements, as opposed to regional agreements (i.e. TPP), with this Administration
Trump created the White House National Trade Council
Wilbur Ross confirmed with bipartisan support (72-27) as Secretary of Commerce on Feb. 27
Trump’s USTR Candidate Robert Lighthizer has yet to have a hearing scheduled..
Majority GOP support for free trade platform contradicts Trump’s protectionist trade agenda
NAFTA originally passed with the support of 66 percent of Republicans in the House and 80 percent of Republicans in the Senate

12. Infrastructure Reform

13. Infrastructure Reform: Building Bridges to Nowhere?
President Trump campaigned for a $1 trillion infrastructure plan
Public private partnerships, direct federal funding, revenue neutral tax credits for investment
Bridges, pipelines, highways, powerlines, ports, dams, etc.
Two core principles: Buy American, and Hire American
Jan. 24 executive orders to expedite environmental review and approval of high-priority infrastructure projects and to accelerate the Keystone XL and Dakota Access pipeline projects
Trump Transition Priority Project List to NGA- 50 infrastructure projects nationwide, totaling at least $137.5 billion
Bipartisan support for confirmation of Elaine Chao as Transportation Secretary on Jan. 31
Strong GOP opposition to direct federal funding bill
Senate Democrats introduced a detailed $1 trillion plan in January
Highway Trust Fund heading toward a major fiscal cliff in 2021
2018 Priority or part of Tax Reform?

14. Immigration Reform

15. Immigration Reform: The World’s Most Exclusive Party
No real movement in Congress
Perdue-Cotton Immigration bill
Trump has made it clear that immigration and protecting the U.S. borders will be a top issue for the Administration. 
3 Current Executive Orders
1 Pending Executive Order to Modify Travel Ban (Suspended by the Courts)
 With more immigration executive orders expected on other immigration related topics, such as H1-B visas, it is evident that Trump plans to use his executive powers to help drive his immigration agenda. 
Trump’s Joint Address to Congress Laid out Vision for Immigration
Called for Rs and Ds to Work Together
Merit-based System
Optimistic that immigration reform is possible, with theme of America First

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