President Donald Trump is on course to ring in the new year without having passed almost any of his campaign promises into law, according to a new survey conducted by CNBC.
Chief financial officers (CFOs) from some of the world's largest firms said they had become increasingly pessimistic that the former New York businessman would be able to pass several of his – and the Republican Party's – key agenda items into law by the end of 2017.
Less than 21 percent of global CFOs surveyed said they were confident the Trump administration would be able to pass reforms to overhaul health-care in2017. When the same respondents were asked this question three months earlier, over 41 percent had expressed optimism that Trump could repeal President Barack Obama's signature legislative achievement.
Responses to the CNBC Global CFO Survey are anonymous. All 35 CFOs who completed the survey responded to this question.
Respondents of the CNBC Global CFO Survey said they were doubtful either personal or corporate tax reform would be passed into law in 2017. Less than 36percent of respondents said they were confident for personal tax reform, while around 40 percent expressed confidence that corporate taxes would be overhauled.
Reference: CNBC
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