Economist Stephen Moore, co-founder of the conservative groups Club for Growth and the Committee to Unleash Prosperity, believes new healthcare legislation to replace the Affordable Healthcare Act will be enacted by the Republican Congress later this year.
"It was certainly one of the Republicans central promises … [and] they're going to get that done. That's going to get done in the next couple of months I believe," Moore, now a senior fellow at The Heritage Foundation said Wednesday to Steve Malzberg on Newsmax TV's "America Talks Live."
"And probably long before that, [President] Donald Trump is going to sign into a law a bill that maybe not in its entirety but the majority of Obamacare will be completely repealed and good riddance."
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Moore said he bases his information on talks he has had with members of the House Freedom Caucus — the group of GOP lawmakers who caused the original replacement bill to fail last week — as well as some members of the House leadership.
"They're getting very close. They're not there yet, but I think they're getting close to a deal that you and I are going to like and consumers are going to like a lot. I think it's better than the original Paul Ryan bill and then you take it on to the Senate," Moore told Malzberg.
"I've got to admit … [it's] going to be a big leap to get over the Senate, because you're going to have to get 50 out of 52 Republicans. But I believe [Senate Majority Leader] Mitch McConnell is going to be able to get that done.
"I think we'll have a bill that we're going to be very proud of that cuts most of Obamacare. And you know what maybe for the first time in 50 years we'll actually try the free market in healthcare."
After the new healthcare act is made law, tax reform will be next, according to Moore, who adds that even without it, the economy is soaring for now.
"In terms of the bounce in the economy, there's just no question. I believe just in the last four months or so since Trump was elected the U.S. economy, which was growing at 1.5 percent under [President Barack] Obama for the last year, is now growing at an up-close to 2.5 percent," he said.
"So we've seen about a 1 percent point increase and Trump hasn't even done that much yet. Just wait till these reforms on Obamacare and the tax cuts and these new coal regulations take effect. … I think we can get the 4 percent growth and I think that's sustainable with these right-minded policies."
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