Next Up with Mark Halperin Why Stephen Miller and JD Vance Have All the Power, Plus Rand Paul's Favorite Trump Admin Disruptors
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May 6, 2025 Senator Rand Paul, known for his libertarian stance, discusses tariffs, trade deficits, and his efforts against risky research. He emphasizes the flaws in tariff support and critiques government intervention. Joining him are Democratic strategists Karen Skelton and Steve Elmendorf, who explore the Democratic party's need for renewal and the lessons to learn from Trump's tactics. They also highlight potential 2028 candidates and emphasize the importance of connecting with voters in a shifting political landscape.
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Miller and Vance’s Growing Power
- Stephen Miller and JD Vance hold unexpectedly high influence in the Trump administration.
- Their influence surpasses common perceptions and affects many government policies.
Trade Deficits Are Misleading
- Trade deficits between countries are meaningless as individual voluntary trades benefit all parties.
- The trade deficit is an accounting measure that fails to capture real economic satisfaction from trade.
Tariffs Hurt Consumers & Businesses
- Tariffs act as hidden taxes paid by consumers, increasing their prices on goods.
- Many businesses and families in Kentucky oppose tariffs due to negative impacts and retaliatory tariffs.
