Will Trump get his new tax cuts?

Although the Republicans completed a clean sweep in the recent election, we are sceptical that this opens the door to additional fiscal stimulus. We do expect the original Trump tax cuts, which are due to expire at the end of next year, to be extended. But given the perilous state of the Federal budget, seeking to add additional stimulus, above-and-beyond simply avoiding that coming fiscal cliff, would risk an adverse reaction in bond markets.