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Digital Subscriptions > Newsweek International > 23rd December 2016 > PULPIT BULLY


Big business loves Trump’s plans for tax cuts and deregulation, but it’s nervous about trade—and those tweets
ORGASMS AND ULCERS: C-suite executives like Trump’s business-friendly Cabinet. What they don’t like: all this talk of trade wars.

IN WASHINGTON, D.C., everyone is trying to figure out whether Donald Trump will really change the way things work around here. Consider the American Action Forum, a highly respected Republican-leaning think tank. Its head, Douglas Holtz-Eakin, once led the nonpartisan Con- gressional Budget Office, was a top economic adviser to John McCain during the senator’s 2008 presidential bid and was a distinguished commissioner of the congressionally chartered panel that investigated the origins of the financial crisis (where I was a staff member). The AAF is a font of mainstream Republican thinking— advocating lower taxes and less regulation, and offering policy papers that cut against Trump’s campaign rhetoric on immigration, free trade and reforming entitlement programs like Social Security and Medicare.

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Donald Trump’s many business ties abroad are already jeopardizing the interests of the United States and making the president-elect vulnerable to bribery and blackmail.
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