In “Mr. Smith Goes to Washington,” Jimmy Stewart, playing the idealistic Jefferson Smith, has to hold the floor of the Senate by delivering a 25-hour filibuster to delay the unjust vote to expel him. By contrast, the administration of that very different Washington outsider, President Donald Trump, is in a race against time.

In his first stint in the White House, voters had to go through a lot of uncertainty before they felt the benefit of the 2017 Tax Cuts and Jobs Act (TCJA) in their pocketbooks. Sure enough, in the midterm elections the Republicans lost control of the House of Representatives.

Given the ambition of the new administration’s agenda, as Shannon Saccocia wrote two weeks ago, consumers and business leaders may need to contend with even greater disruption before they get to the anticipated benefits of the TCJA extension and deregulation.

We are starting to see that disruption in surveys, economic data and market performance. The new U.S. administration has promised many pro-growth policies, but can those ambitions survive the disruptive measures of its early months?

You can now read the full whitepaper at the link below