Episode 960: Michael Faulkender on Trump’s Tariffs

Newt talks with Michael Faulkender, Co-Chair of American Prosperity at the America First Policy Institute, about the Supreme Court ruling that limits President Trump's ability to impose tariffs under the International Emergency Economic Powers Act, emphasizing that tariff authority primarily resides with Congress. This decision impacts the President's flexibility in using tariffs for economic and national security purposes, although other legislative provisions still allow for some presidential tariff authority. Additionally, their conversation explores the challenges of housing affordability, noting that the median age of first-time homebuyers has risen to 40 years old. Factors contributing to this include increased housing costs, higher interest rates, and regulatory burdens. The America First Policy Institute is working on solutions to address these issues, focusing on reducing regulatory costs and increasing housing supply.See omnystudio.com/listener for privacy information.

Newt talks with Congressman Bryan Steil, (WI – 1st) Chairman of the Committee on House Administration about the Stop Insider Trading Act. The Act is aimed at prohibiting members of Congress and their families from trading individual stocks to prevent conflicts of interest and personal profit. The Act has garnered significant public support, with 86% of Americans favoring the ban. Despite challenges in scheduling the bill for a vote, there is optimism about its passage due to bipartisan backing and President Trump's endorsement. Additionally, they discuss the SAVE America Act, which seeks to enhance election integrity by requiring voter ID and ensuring only U.S. citizens vote. They also cover the Withhold Members Pay During Shutdown Act, which proposes that members of Congress should not receive a paycheck during government shutdowns, aligning their experiences with those of federal employees. Newt concludes with a new segment addressing listener’s questions.See omnystudio.com/listener for privacy information.

Newt talks with Dr. William LeoGrande, a non-resident fellow at the Quincy Institute and Associate Vice-Provost for Academic Affairs, Professor of Government, and Dean Emeritus of the School of Public Affairs at American University in Washington, D.C. They discuss the foreign policy strategies of President Trump, including actions in Venezuela, Ukraine, and Iran, and the challenges faced by the United States in maintaining dominance in the Western Hemisphere. Dr. LeoGrande provides insights into Cuba's historical and current socio-political landscape, emphasizing the impact of the Cuban Revolution and subsequent U.S. – Cuba relations. They also discuss the geopolitical influence of Marco Rubio, U.S. Secretary of State and National Security Advisor, and his impact on Latin American policy, particularly regarding Cuba and Venezuela. The episode concludes with a new segment addressing listener’s questions on topics such as the Strait of Hormuz and the SAVE Act.See omnystudio.com/listener for privacy information.

Newt talks with Jack Salmon, Gibbs Scholar and Research Fellow at the Mercatus Center at George Mason University. They discuss the introduction of wealth taxes in several U.S. states, including California, Connecticut, Hawaii, Illinois, Maryland, Minnesota, New York, and Washington, which are targeting high net worth individuals. This has led to a migration of wealthy individuals to states with no such taxes, like Florida and Texas. Washington State, which previously had no income tax, has introduced a 9.9% tax on income over a million dollars, contributing to a significant exodus of high earners, including notable figures like Jeff Bezos. Their discussion highlights the economic consequences of such tax policies, including the loss of tax revenue and potential negative impacts on local economies. The also discuss the importance of fiscal responsibility at the state level and the need for states to prepare for potential federal funding reductions based on the increasing national debt.See omnystudio.com/listener for privacy information.

Newt talks with Michael Horowitz, senior fellow at the Council on Foreign Relations and Richard Perry Professor at the University of Pennsylvania. They discuss the AI company Anthropic and its model, Claude Gov, which is the first AI model used on classified systems. A recent meeting between Secretary Hegseth and Anthropic's CEO Dario Amodei at the Pentagon failed to reach an agreement on assurances against the use of the model for surveillance or autonomous weapons, leading Anthropic to sue the Department of Defense over being labeled a supply chain risk. Horowitz discusses the slow adoption of AI in the military, attributing it to the U.S. military's historical reluctance to change due to its current superiority. He outlines three AI applications in the military: logistics, intelligence surveillance, and autonomous weapon systems, emphasizing the potential for AI to transform warfare. They also discuss OpenAI working with the military. Horowitz sees AI as an inevitable part of military evolution, comparable to past technological revolutions like electricity.See omnystudio.com/listener for privacy information.

Newt talks with Professor Steve Tsang, Director of the SOAS China Institute, about the global impact of the ongoing conflict involving the United States, Israel, and Iran, with a focus on China's perspective. Tsang discusses China's strategic interests in the Middle East, highlighting the region's importance for energy security and its role in China's global strategy under Xi Jinping's leadership. Xi Jinping's ambitions for China are highlighted, including his vision for Chinese global preeminence by 2049, which aligns with the 100th anniversary of the People's Republic of China. The strategic dynamics in the Middle East, particularly regarding Iran's role and the potential consequences of U.S. actions in the region are evaluated. They discuss the U.S. military focus on Iran and the Persian Gulf and whether the U.S. engagement will tip the balance of power around Taiwan, considering China's military readiness and strategic calculations.See omnystudio.com/listener for privacy information.

Newt talks with Seth Keshel, a former Army Captain of Military Intelligence, about his new book, "The American War on Election Corruption," which addresses the need for election reform in the United States. With Keshel's expertise in studying voter registration trends he makes a compelling argument for why restoring election integrity in needed. He highlights issues such as automatic voter registration and mail-in voting as significant factors in election rigging. Keshel argues that these practices have been used to manipulate election outcomes, particularly in battleground states. He advocates for election reforms that would improve the voting process. Keshel's work is featured in a newsletter on Substack, Captain K's Corner, which provides ongoing analysis and insights into political and election-related issues.See omnystudio.com/listener for privacy information.

Newt talks with Behnam Ben Taleblu, Senior Director for the Foundation for Defense of Democracies Iran Program. Their conversation provides insights into the evolving conflict between the U.S., Israel, and Iran. They discuss the potential for leadership changes within Iran, questioning whether the current regime's Islamic theocratic structure can withstand external pressures and internal dissent. The role of the Islamic Revolutionary Guard Corps (IRGC) is examined, as well as the strategic importance of maintaining control over the Strait of Hormuz and the potential economic implications for China, given its reliance on Iranian oil. They conclude with a reflection on the strategic depth and resilience of the IRGC, emphasizing the need for sustained pressure to achieve meaningful change in Iran.See omnystudio.com/listener for privacy information.

Newt talks with Dr. Nicholas Eberstadt, the Henry Wendt Chair in Political Economy at the American Enterprise Institute. They discuss the phenomenon of workforce dropouts, particularly among prime-age men in the United States, who are neither working nor seeking employment, a trend that has persisted since the mid-1960s. Their conversation also touches on the societal shifts contributing to these trends, including changes in family dynamics and the rise of technology. Dr. Eberstadt emphasizes the importance of work as a means of self-fulfillment and societal contribution. Known for his extensive work on demographic trends and economic issues, Dr. Eberstadt discusses his latest book, "America's Human Arithmetic," which examines the American condition through a series of essays written over the past 30 years.See omnystudio.com/listener for privacy information.

Newt talks with Scott Hodge, a tax and fiscal policy fellow at Arnold Ventures. They discuss the U.S. federal deficit and potential revenue sources. Hodge highlights the alarming trajectory of U.S. government spending, which exceeds tax revenues, leading to increasing debt and interest payments that could soon surpass combined defense and domestic program budgets. He proposes expanding the corporate tax base to include large nonprofit organizations that generate significant untaxed income, such as hospitals, credit unions, and universities, which collectively earn $2.8 trillion. This measure could generate approximately $51 billion annually without harming the economy.See omnystudio.com/listener for privacy information.