Trump tax and spending bills are a replay of Ronald Reagan fiscal stance

To put the bill in perspective, it is important to note lineaments of an "ideal" tax system

After the rocky start to his presidency, US President Donald Trump’s approval ratings according to the latest Rasmussen poll is 50 per cent compared with the 45 per cent for former President Barack Obama at the same stage in his presidency. (‘America beginning to love its president’, Daily Telegraph, February 24, 2018). This is due to two factors which have pleased his base: His appointment of a conservative justice to the Supreme Court to replace late Justice Antonin Scalia; and his removal of various Mr Obama’s regulations, particularly environmental ones damaging the US’ energy sector, including coal. This has converted