"Taking out the politics, planning a tax bill that would help reduce inequality, make the system work better, raise revenue to slow the rate of growth of the debt, all of those things would make a whole lot of sense," says Leonard Burman, Paul Volcker Chair in Behavioral Economics. "But the question is just timing, and it’s always a bad time for a tax increase because it’s hard to get your base excited about raising taxes."
"Trade policy does have an impact because it raised costs significantly for steel and aluminum, and the industry told Trump it would do that," says Mary Lovely, professor of economics. "They already weren’t able to sell enough vehicles to keep these lines productive and raising costs by a billion dollars? It doesn’t help."
These new tariffs will “almost surely not” cause a recession, says Mary Lovely, professor of economics. “This industry is important but it’s not that important. Costs will rise. We’ll see some job dislocation…but we will not see a recession,” she adds.
Elizabeth Cohen, associate professor of political science, talks about the implications of sanctuary campuses in "After declaring as 'sanctuary campuses' Penn, Swarthmore work on details," on WHYY public radio.