“The Republican Party embarked this week on a haphazard experiment in economic policymaking, wagering that the United States can weather a monumental tax increase in the form of broad tariffs on imported goods as long as Congress also cuts taxes on income,” the New York Times reports.
“It’s a mash-up that many investors, economists and even some G.O.P. lawmakers expect to be a failure.”
Said Douglas Holtz-Eakin, a conservative economist: “I always think that with gambling, at least you have a chance of winning. This is worse than that. This is betting with the mafia. You’re going to lose.”
?Political Trivia
Eight moments in political history. Put them on a timeline.
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Five senators. Three bills. Can you guess how they all voted?
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Nine Justices. One case. How did they rule?
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Do you have your finger on the pulse of America?
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Four questions a day.
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A new game every day.