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The Editors

Episode 740: Tax Travails

The Editors

National Review

Politics, Charles C. W. Cooke, Conservatism, Conservative, Policy, Government, News, Jim Geraghty, Rich Lowry, Michael Brendan Dougherty, Current Events, Noah Rothman, Madeleine Kearns, Society & Culture, Public Policy, National Review

4.44.6K Ratings

🗓️ 1 April 2025

⏱️ 65 minutes

🧾️ Download transcript

Summary

Today on The Editors, Rich, Charlie, Phil, and Noah discuss new tax chatter from the Trump administration, consider the “third term” talk, and wonder about the future of NPR.

Transcript

Click on a timestamp to play from that location

0:00.0

Well, Trump raised taxes on the rich, and why do we fund NPR? We'll discuss all this and more on this edition of the editors.

0:23.3

I'm Rich Lowry, and I'm joined, as always, by the right Honorable Charles C.W.

0:26.0

Cook, Noah, Noah Rothman, and the grill master, Phil Klein.

0:30.0

You are, of course, listening to a Nashview podcast, our sponsors of this episode,

0:34.3

are fast-growing trees and otherwise objectionable, more about them and due course.

0:38.2

If for some reason you're not already following us on a streaming service, by the way,

0:41.5

you can find us everywhere from Spotify to Apple Podcasts.

0:44.2

And if you like what you hear here, please consider giving us a glowing five-star review

0:47.9

wherever you listen to your podcast.

0:49.5

If you don't like what you hear here, please forget I said anything. So Phil Klein, we had a leak to Axios from

0:59.6

someone in the White House saying that the administration is thinking about the way to avoid the

1:07.0

political problem of cutting taxes on the rich via maintaining Trump's tax cuts from his first time around, making them permanent.

1:17.6

At the same time, you're cutting Medicaid, would be to actually let tax rates increase on the rich.

1:25.8

And you had a senator, a Republican senator out there saying, yeah, maybe

1:29.0

this is something we should think about. Otherwise, the idea is getting completely panned,

1:34.3

including by the leadership of the House. What do you make of it? Well, I mean, I think that

1:41.0

both politically and economically it would be a terrible idea.

1:47.4

We have an editorial out today on the site that goes into this a bit deeper,

1:52.6

but economically raising the top marginal rates on, and which will not only affect individuals, but

2:06.4

those who are small business owners filing as individuals would be an anti-growth move.

2:16.9

Maybe you would do it if it were part of some sort of genuine earnest

2:22.8

move to reform entitlements. But in this case, we're talking about maybe using the money for

...

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