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New polling and economic indicators continue to show that President Trump’s actions are deeply unpopular and hurting the economy.
With this vote, Senate Republicans are telling us everything we need to know about their priorities.
This week, President Trump’s erratic tariff policy created more economic uncertainty for consumers, workers, and businesses by threatening a 50% tariff on Brazil, a 35% tariff on Canada, and sending letters to at least 14 countries laying out steep blanket tariffs starting in August.
“They just got a massive tax bill that is overwhelmingly tilted for the wealthy, and to hide the ball, they’re trying to unilaterally deliver additional tax cuts for the wealthy,” said Elizabeth Pancotti, managing director of policy and advocacy at the Groundwork Collaborative, another left-leaning think tank. “Why don’t they think the wealthy got enough in the tax bill they just passed?”
“The main thing I would say is I think when it comes to, if folks feel frustrated when they’re buying airline tickets, there’s a good reason for that,” Lindsay Owens, executive director of Groundwork Collaborative, a Washington-based economic policy think tank, told me. “The airline industry is really the pioneer of some of the most ruthless and deceptive pricing practices. It’s not surprising that people feel really powerless and frustrated when they’re purchasing airline tickets.”
Today’s ruling got it wrong, ignoring the overwhelming majority of Americans who support the rule in favor of scammers and corporations who trick consumers into overpaying.
But Alex Jacquez, who worked for the National Economic Council in former President Joe Biden’s White House, said that even if the high court strikes down Trump’s IEEPA tariffs, there are other laws Trump could use to try to reimpose them. “There are fallback options that Trump could use,” he said, adding that his doing so would once again roil the world economy. “It’s just going to cause more uncertainty and confusion.” In the end, he said, both US manufacturers, many of whom rely on imported machinery and raw materials, and US consumers, would be harmed through significantly higher costs. “This is really short sighted, cutting off your nose to spite your face,” he said.
Trump’s new law strips coverage, jacks up costs, and risks 200,000 deaths. By Elizabeth Pancotti.
“Now that we essentially do policy-making at a large scale, through these huge mega-bills in reconciliation… you have to stuff everything that you possibly can to try to get your entire coalition on board, particularly within the margins,” said Alex Jacquez, chief of policy and advocacy at Groundwork Collaborative, a progressive think tank.
Another “super concerning” aspect of the bill for Alaska residents relates to the state not having any Level 1 Trauma Centers, said Liz Pancotti, the managing director of policy and advocacy at Groundwork Collaborative, a progressive economic policy think tank.