Donald Trump has already done the impossible by winning the presidency, but once he takes office he may have to do so again – by finding a way to pay for the across-the-board tax cuts he promised during his campaign. “Trump’s plan is vague on the ‘pay-fors’”, said Mark Luscombe, principal federal tax analyst for Wolters Kluwer Tax & Accounting. “They’re aware of the problem, but haven’t yet identified a solution.”

The large-scale revision to the Tax Code that Trump has proposed will be limited by the usual partisan divisions as well as differences Trump has had with members of his own party.

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