10 things you need to know today: March 27, 2017

Trump and the GOP shift their focus to tax cuts, South Carolina and UNC round out the Final Four, and more

President Trump and Paul Ryan
(Image credit: Win McNamee/Getty Images)

1. Trump, GOP pivot to tax cuts after health-care setback

President Trump and the Republican-led Congress are shifting their efforts to passing major tax cuts, needing a legislative win after failing to repeal and replace ObamaCare last week. Many of the tax cuts Trump was aiming for were included in the GOP health-care plan, so the tax overhaul will not be as extensive as Trump originally planned. It still is expected to include a large corporate tax cut and possibly individual savings in what would be the first major overhaul of the tax code in decades. "They have to have a victory here," said Stephen Moore, a Heritage Foundation economist and former Trump adviser. "But it is going to have to be a bit less ambitious rather than going for the big bang."

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.