William Katz:  Urgent Agenda

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THE PRESIDENT ON TAX REFORM – AT 12:47 P.M. ET:  Once the hurricane passes and recovery efforts are underway, attention will focus on the intense political agenda in Washington, made more intense by Mr. Trump's demands that Congress act quickly on high-priority items.  From Reuters: 

WASHINGTON (Reuters) - U.S. President Donald Trump said on Saturday that he will ask the Republican-controlled Congress to further speed up its efforts to overhaul the U.S. tax code, citing the potential impact of Hurricane Irma as a reason to hasten reforms.

"I think now with what's happened with the hurricane, I'm going to ask for a speedup. I wanted a speedup anyway, but now we need it even more so," the president said at the outset of a Cabinet meeting at Camp David. The White House released a video of his remarks.

Trump urged Congress in a Friday tweet not to wait until the end of September for tax legislation.

COMMENT:  That is now the cornerstone of the Trump domestic agenda, and the Republican Congress had better act.  If it doesn't, or says it needs more time, we can easily see Trump becoming an "independent Republican," working with moderate Democrats, and decapitating the GOP congressional leadership.  We have theorized here that Trump really wants to be the head of either a new party or a redesigned Republican Party.  It may happen.  Do not underestimate him. 

September 10, 2017