Here’s more from Eric Boehm on how Trump’s
tariffs punitive taxes on Americans who buy imports – punitive taxes that spring from the unfathomable lunacy and ignorance of Trump’s trade advisor Peter Navarro – are making Americans worse off during the COVID-19 crisis .
And reprising a favorite among legislators, the bill extends $150 billion in direct aid to states. Most state and local governments are incredibly irresponsible with their finances. During good times, they jack up spending rapidly as soon as they get more revenue rather than save for rainy days. This bailout, unfortunately, will only amplify the signal sent from Washington that they can continue being irresponsible because each time they encounter fiscal troubles because of their poor planning, the federal government will bail them out. Federalism isn’t supposed to work in this dysfunctional manner.