Indeed, the billionaire-turned politician promised to revamp a tax system that many businesses believe punishes them and prevents them from hiring, leaving the world's no. 1 economy mired in mediocrity and holding back a robust recovery from the 2007-2008 downturn.
For now, business are positive on the Trump presidency. Silicon Valley, for example, is seeing a major investment boom, and the Nasdaq - the stock exchange where tech stocks are traded - is expected to surge this year.
But the longer these scandals go on, and the longer meaningful legislation like tax reform is postponed, the more chance that this exuberance will wane, experts said.
Trump had also promised to start scaling back on the tsunami of regulations imposed by the administration of former president Barack Obama, which many experts said held back the economy and prevented businesses from expanding and hiring for years.
"The White House is completely occupied by the need for damage control," West said.
Dan Mahaffee, senior vice president and director of policy at the Center for the study of Congress and the Presidency, echoed those sentiments.
"These scandals are a huge distraction for the White House, both in terms of the legislative agenda, as well as attracting talent to the White House and federal agencies to make the Trump Administration's agenda a reality," Mahaffee told Xinhua.
"This has taken a lot of time out of an already tight legislative schedule, and many talented individuals are thinking twice about entering an administration that needs to fill many open spots as they are concerned both about the impact of any potential scandal on their career or reputation as well as the fact that a growing scandal would require many to hire their own legal counsel, which is an expensive bill in Washington D.C.," Mahaffee said.
【国际英语资讯:News Analysis: Former FBI chiefs hearing latest in major distractions for Trump】相关文章:
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