DEALT A SETBACK, REPUBLICANS AIM TO PUSH TAX CUTS.

The article discusses the efforts of the U.S. Republican party to reconcile the budget procedure to pass a tax legislation involving tax cuts at corporate level. It is stated that the Republicans are fearful that the tax plan might fail like the health care reforms planned by the U.S. president Donald Trump. According to the Treasury secretary Steven T. Mnuchin, the tax reform initiative would be simpler than revamping the Affordable Care Act.