On this episode of Time of Monsters, Marshall Steinbaum on the president’s love of regressive taxes.
President Donald Trump holds up a copy of a 2025 National Trade Estimate Report as he speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025, in Washington, DC.(Chip Somodevilla / Getty Images)
Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.
Donald Trump’s tariff war is usually framed in terms of how it would impact consumers and America’s relationship with other countries, but it is also part of a larger project to remake taxation policy. Trump is very explicit that he wants tariffs to replace personal and corporate taxes with tariffs as the main source of revenue. As such, tariffs are a sales tax, of a particularly regressive sort. I talk to Marshall Steinbaum, an economist at the University of Utah, about how tariff’s fit in with Trump’s larger social vision of a plutocratic society, something that can also be seen in how the White House is cracking down on student debt holders. We take up this and other economic matters, bringing a class analysis to the business news.
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
Donald Trump’s tariff war is usually framed in terms of how it would impact consumers and America’s relationship with other countries, but it is also part of a larger project to remake taxation policy. Trump is very explicit that he wants tariffs to replace personal and corporate taxes, with tariffs as the main source of revenue. As such, tariffs are a sales tax, of a particularly regressive sort. I talk to Marshall Steinbaum, an economist at the University of Utah, about how tariffs fit in with Trump’s larger social vision of a plutocratic society, something that can also be seen in how the White House is cracking down on student debt holders. We take up this and other economic matters, bringing a class analysis to the business news.
Subscribe to The Nation to support all of our podcasts: thenation.com/podcastsubscribe.
Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.
The issue of Canada’s national unity is heading towards the ballot box as Alberta is having a referendum on the issue of separatism. I spoke with Canadian journalist Nora Loreto about the background to this dispute, the backing the referendum is receiving from right-wing US political actors such as Steve Bannon and lobbyists connected to the oil industry. The discussion also takes up the role of Prime Minister Mark Carney, who is using the crisis to push a neoliberal agenda. For more commentary by Nora, you can go to the podcast Sandy and Nora Talk Politics, which is found here.
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy