As reports and surveys indicate a creeping nostalgia and collective amnesia about Donald Trump’s presidency, one of his worst ideas is gaining steam again: tariffs.
MSNBC’s Chris Hayes spent the first part of his Wednesday night broadcast breaking down Trump’s campaign promise to add a 10% tariff to all imported goods. He explained how this cost “will just be passed along to consumers in a sales tax on every single good.”
With tax cuts that allowed billionaires to pay less taxes than working-class Americans, a mismanaged pandemic, and the worst jobs record in modern American history, Trump’s economic braintrust was an undebatable disaster. In a bizarre turn, Larry Kudlow, the architect of Trump’s current campaign promise, is the same Larry Kudlow who criticized Trump’s 2018 tariffs on steel and aluminum as “tax hikes” being passed on to the American consumer.
Americans are feeling the brunt of “greedflation,” and Hayes’ segment aimed to warn voters already worried over the rising cost of living in the United States about the “Trump tax.”
“If you're a single-issue inflation voter, there is only one candidate who wants to put a 10% tax that will be passed along to consumers as a sales tax on every single good that's imported,” Hayes began.
You can read the full transcript below.
