Ezra Klein on What’s Wrong with Trump
Ezra Klein on What’s Wrong with Trump
https://www.youtube.com/watch?v=CxA3mLuwzp8
Tag: Donald Trump
Donald Trump and Kamala Harris Keep Making Economically Illiterate Promises
“Trump fans applauded when he said he’ll eliminate taxes on tips. Then Harris proposed that, too. Her audience applauded. Trump then proposed not taxing overtime. More applause.
But narrow tax exemptions are bad policy.
In my new video, economist Allison Schrager explains how they create nasty, unintended consequences.
“No one likes tipping,” says Schrager, “but all of a sudden, you’ll have to pay tips for everything.…More people will be paid in tips.””
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“Trump’s proposal to eliminate tax on overtime would reduce hiring.
“Employers may hire fewer people so they can give more overtime to employees they have already,” says Schrager.”
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“rent control is destructive. “Sounds really good,” says Schrager. “But all it means is that people are less inclined to rent to you.”
“Why would you enter a market where it seems like the government is actively trying to hurt you?” Adds Mercatus Center economist Salim Furth. “You’re providing an essential service, something human beings need to live, and the government views you as a hostile outsider. I wouldn’t want to bring any service into a market like that.”
Argentina’s new libertarian president just scrapped rent controls. The supply of rental apartments doubled, and prices declined by 40 percent! That’s good policy.
But Harris proposes the opposite!”
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“Trump’s (and Joe Biden’s) tariffs don’t just punish China, they reduce choice and raise prices in America.
“Free trade is good!” says Schrager. “It brings lower prices, making our own industries more dynamic, raising our income.”
“But trade does take away some Americans’ jobs,” I point out.
“But it creates a lot of other new jobs,” she replies.
It sure does. More and better jobs than those lost through trade.”
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“She proposes giving “first-time homebuyers” $25,000. Again, her fans applaud.
Schrager explains, “free” money from government doesn’t increase the supply of homes. When every buyer has $25,000 more, “they just bid up prices even higher!””
https://reason.com/2024/10/16/donald-trump-and-kamala-harris-keep-making-economically-illiterate-promises/
How would a second Trump presidency change America’s courts?
“Since Trump’s three appointees gave Republicans a supermajority on the Supreme Court, the Republican justices have behaved as though they are all going down a GOP wishlist, abolishing the right to an abortion, implementing Republican priorities like a ban on affirmative action, and even holding that Trump has broad immunity from prosecution for crimes he committed using his official powers while in office. To be clear, right-wing litigants are not winning every case they bring before the justices, but on issues where the various factions within the Republican Party have reached consensus, the Republican justices reliably align with that consensus.
The lower courts, meanwhile, have become incubators for far-right policy ideas that often go too far even for a majority of the members of the current Supreme Court. Think, for example, of Judge Matthew Kacsmaryk’s failed attempt to ban the abortion drug mifepristone. Or an astonishing decision by three Trump judges that declared the entire Consumer Financial Protection Bureau (CFPB) unconstitutional. Both of these lower court decisions were rejected by the Supreme Court.
That there are some positions too far right even for many Republican members of the Supreme Court is a reminder of the diversity that exists among Trump’s judges. Some, like Justices Brett Kavanaugh or Amy Coney Barrett, are fully committed to using the courts to implement a long list of Republican ideas. But this cohort of judges also rejects at least some right-wing legal theories that would have catastrophic consequences for the country.
Both Kavanaugh and Barrett, for example, rejected the legal attack on the CFPB. They joined an opinion explaining that the plaintiffs’ legal theory had no basis in constitutional text or history, but they may also have been motivated by the fact that this theory could have triggered an economic depression if it had prevailed. Kavanaugh and Barrett also backed Trump’s claim that he has broad immunity from criminal prosecution for crimes committed in office, but on the same day they rejected a Texas law that would have given that state’s Republican legislature extraordinary authority to dictate what the media must print.
The other faction of Trump’s judges is more nihilistic. They include Kacsmaryk, who has turned his Amarillo, Texas, courtroom into a printing press for court orders advancing far-right causes. The nihilistic faction also includes judges like Aileen Cannon, the Trump judge who has presided over one of Trump’s criminal trials (and behaved like one of his defense attorneys), much of the far-right United States Court of Appeals for the Fifth Circuit, and Trump Supreme Court appointment Justice Neil Gorsuch.”
https://www.vox.com/scotus/373084/supreme-court-trump-judges-federalist-society
The big lie about Project 2025
“In reality, Project 2025, an initiative put together last year by the right-wing Heritage Foundation to plan for the next GOP administration, was shaped by longtime close allies of Trump. Detailed planning for a second Trump term agenda along these lines is very real, and though the Project 2025 initiative itself has seemingly fizzled out, other groups have picked up the slack.
Furthermore, many of Project 2025’s key proposals — to centralize presidential power, crack down on unauthorized immigrants, deprioritize fighting climate change, and eliminate the Department of Education — are fully and openly supported by Trump.
Yet Trump’s intentions are less clear on a vitally important issue where Project 2025 made some particularly extreme proposals: abortion.
The project’s plan called for using presidential power to aggressively restrict abortions in several ways. Trump, wary of these proposals’ unpopularity, has said during the campaign that he won’t support some of them. He also evidently feels hesitant to outright disavow the social conservatives who have long been a key part of his base.”
https://www.vox.com/politics/373485/project-2025-abortion-ban-trump-comstock-mifepristone
The Republican Party is less white than ever. Thank Donald Trump.
“1) Trump has successfully associated himself with a message of economic nostalgia, heightening nonwhite Americans’ memories of the pre-Covid economy in contrast to the period of inflation we’re now exiting.
2) Trump and his campaign have also zeroed in specifically on outreach and messaging to nonwhite men as part of their larger focus on appealing to male voters.
3) Trump and his party have taken advantage of a confluence of social factors, including messaging on immigration and cultural issues, to shore up support from conservative voters of color who have traditionally voted for Democrats or not voted at all.”
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“These three theories try to describe how Trump specifically has been able to improve his and the GOP’s standing among a growing segment of the American electorate. They place Trump as the central cause for the majority of this racial political shift. But would these dynamics still be happening if he weren’t involved?
There are signs that some of this shift may be happening independently of Trump. It could be a product of the growing diversification of America, upward mobility and changing understandings of class, and growing educational divides.
For example, as rates of immigration change and the share of US-born Latino and Asian Americans grows, their partisan loyalties may continue to change. Those born closer to the immigrant experience may have had more of a willingness to back the party seen as more welcoming of immigrants, but as generations get further away from that experience, racial and ethnic identity may become less of a factor in the development of political thinking.
Concepts of racial identity and memory are also changing — younger Black Americans, for example, have less of a tie to the Civil Rights era — potentially contributing to less strong political polarization among Black and Latino people in the US independently of any given candidate — and creating more persuadable voters in future elections.
At the same time, younger generations are increasingly identifying as independents or outside of the two-party paradigm — a change in loyalty that stands to hurt Democrats first, since Democrats tend to do better with younger voters.
Regardless of whether Trump just happens to be the right kind of populist at the right time of racial and ethnic change in America or if he’s a unique accelerator and contributor to the changes America is experiencing, November may offer more evidence that something has fundamentally changed in US politics. As America diversifies, it makes sense for its political parties to diversify too — and that poses a reckoning for Democrats in elections to come.”
https://www.vox.com/2024-elections/373535/3-theories-gop-donald-trump-nonwhite-voters-hispanic-black-latino-asian
Jon Stewart on Trump’s McDonald’s Shift & His “Enemy Within” Threat | The Daily Show
Jon Stewart on Trump’s McDonald’s Shift & His “Enemy Within” Threat | The Daily Show
https://www.youtube.com/watch?v=-5KWZL1blWc
Why Trump’s Child Care Policy Incoherence Matters
“It may be tempting to simply write this off as “Trump being Trump” and move on. But the Republican presidential nominee’s consistent inattention to the details of policymaking does matter—even if it has no bearing on the election—and the child care issue is a perfect example of why.
This sort of issue is a liability for Trump because he can’t just bluster or pander his way through it. Trump excels when he can turn complex policies into simple, partisan us-vs.-them arguments that allow him to avoid any attention on the specifics. On issues like taxes and immigration, this technique works because one party broadly wants the policy to shift in one direction, so Trump can simply promise to do the opposite—never mind the details.
But no one wants higher child care costs. Both sides want to reduce them. The argument, then, must turn on which side can offer the better plan for accomplishing that goal. As Thursday’s answer makes obvious, Trump has no such plan.”
https://reason.com/2024/09/06/why-trumps-child-care-policy-incoherence-matters/
Trump and Harris Both Favor Tax Hikes That Would Hurt Ordinary Americans
“The Tax Foundation estimates that a 10 percent general tariff “would raise taxes on American consumers by more than $300 billion a year,” “reduce the size of the U.S. economy by 0.7 percent,” and “eliminate 505,000 full-time equivalent jobs.” Retaliation could “further reduce U.S. GDP by 0.4 percent and eliminate another 322,000 full-time equivalent jobs.”
Trump’s proposed tariffs, including a 60 percent levy on Chinese goods, “would reduce after-tax incomes by about 3.5 percent for those in the bottom half of the income distribution,” the Peterson Institute for International Economics estimates. They “would cost a typical household in the middle of the income distribution at least $1,700 in increased taxes each year.”
Just as Trump ignores those costs, Harris wants voters to believe that raising the corporate income tax rate from 21 percent to 28 percent is simply a matter of “ensur[ing] the wealthiest Americans and the largest corporations pay their fair share.” But that is true only if you overlook the broader economic impact of that change, which would hurt non-wealthy Americans as employees, consumers, and investors.
“Studies have shown that the corporate income tax is the most harmful tax for economic growth,” the Tax Foundation warns. On the flip side, recent research indicates that the Trump-backed 2017 reduction in this tax rate, which moved the U.S. from the high end among industrialized countries to the middle of the pack, “significantly boosted domestic investment.”
By raising the cost of doing business in the United States, a higher corporate tax rate inhibits investment, drives down wage and benefit growth, encourages offshoring of jobs, and reduces the return on retirement savings. “Under a 28 percent corporate rate,” the Tax Foundation estimates, “GDP would fall by $1.84” for “every $1 of higher revenue.””
https://reason.com/2024/09/11/trump-and-harris-both-favor-taxe-hikes-that-would-hurt-ordinary-americans/
On Abortion, Harris and Trump Were Both Right and Both Infuriatingly Wrong
“Trump is likely referencing comments made by former Virginia Gov. Ralph Northam in 2019. Northam was discussing what happens if a woman delivers a nonviable fetus or a baby with life-threatening deformities. “The infant would be delivered, the infant would be kept comfortable, the infant would be resuscitated if that’s what the mother and the family desired. And then a discussion would ensue between the physicians and the mother,” Northam said. Some Republicans ran with this comment to suggest that Northam supported “post-birth abortions,” when what he was really discussing was palliative care for babies born fatal or likely fatal conditions.
Trump also kept suggesting..that the Roe v. Wade regime meant states had to allow unfettered abortion through nine months of pregnancy. But the Roe regime actually allowed states to significantly restrict abortion in later months, and the vast majority did. Then—as is still the case now—only a handful of states opted out of setting legal limits on what point in a pregnancy abortion was banned. Even in these states, the lack of a legal prohibition on later-term abortions does not necessarily mean physicians would actually perform later-term abortions, nor that women were generally seeking them without good reason, like a pregnancy that was life-threatening or a fetus that was nonviable.”
https://reason.com/2024/09/11/on-abortion-harris-and-trump-were-both-right-and-both-infuriatingly-wrong/
Trump and Harris could raise taxes without asking Congress. Congress should stop them.
“The signature policy proposal of Donald Trump’s third campaign for the presidency is a tariff: a tax of 60 percent imposed on all imports from China and 10 percent on imports from any other country. Not only does he want this tax hike, which would raise about $291 billion or 1 percent of GDP when fully implemented, but he says he’ll do it unilaterally. “I don’t need Congress, but they’ll approve it,” Trump declared at a September 23 rally. “I’ll have the right to impose them myself if they don’t.”
This is a rather enormous policy change for a president to undertake unilaterally, and one of dubious legality. For comparison, the hike Trump is considering is over twice as large as the tax increases used to fund Obamacare. (And make no mistake — tariffs are tax increases.) Experts like former World Trade Organization (WTO) deputy director-general Alan Wm. Wolff have argued that no law passed by Congress gives the president the power to levy across-the-board tariffs along the lines Trump proposes.
Even so, Congress has given the executive branch a remarkable amount of flexibility to set tariffs. This is a mistake. Members of Congress, whether or not they support Trump’s tariff plans, should be able to agree on this much: As the Constitution lays out in the taxing clause, it’s Congress’s job to set taxing and spending policy for the United States. It’s been that way for the US’s whole history, it’s the traditional role of legislatures in all democratic countries, and putting this power instead in the president’s hands cuts the people’s representatives out of the process of determining how they are taxed — a concept that goes back to before the American Revolution.”
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“The presidential power to impose tariffs does not originate from a simple bill or program; rather, it slowly accreted over time, with a particular expansion over the past decade as the Trump administration rediscovered authorities in old laws that enabled it to wage a trade war with China and protect the steel industry.
Section 232 of the Trade Expansion Act of 1962, for instance, gives the president the right to levy tariffs upon the secretary of commerce’s recommendation without asking Congress. This was the authority Trump used to slap tariffs on steel and aluminum back in 2018, tariffs which Biden recently expanded slightly.
Section 301 of the Trade Act of 1974 gives a similar power to impose tariffs based on unfair trade practices by foreign nations on the advice of the Office of the US Trade Representative. Trump used this power to impose sweeping tariffs against China. Biden has made liberal use of this power, too, expanding tariffs on steel, batteries, solar cells, and electric vehicles from China.
Finally, there’s Section 201 of that same 1974 law, which allows tariffs against imports that “seriously injured or threatened … serious injury” to domestic companies. Trump and Biden have used this to justify tariffs on washing machines and solar cells from most countries.
Even if Trump couldn’t implement a full 10 percent tariff on all imports with his executive powers — because the previous authorities apply only to specific industries or specific countries — he could make a lot of progress toward that goal. His 60 percent tariff on all Chinese imports, for instance, may very well be possible because it’s narrowly targeted at one nation. He and Biden have proven that the president can, without Congress, raise taxes on imports very significantly.
I happen to think most of both Trump and Biden’s tariffs were wrongheaded and that Trump’s plan for more sweeping tariffs amounts to a significant tax increase on the poor and middle class that would hurt US exports, invite retaliation from other countries, harm America’s international reputation, and fail to create any jobs for people who need them. (Vice President Kamala Harris has attacked the Trump tariff plan as a “sales tax” but hasn’t disavowed Biden’s tariff policies.)”
https://www.vox.com/policy/374102/trump-harris-tariffs-congress