'I don't buy that': GOP strategist's rosy economic prediction shot down by CNN host
An attempt by a Republican strategist to paint a rosy picture of the Donald Trump economy turning soon around was shot down by CNN host Abby Phillip on Saturday morning.
During an appearance on CNN's "Table for Five," conservative Erin McGuire suggested a Republican-authored budget deal that includes tax cuts will lead to "a shift" in opinion on the president's tariff war.
As she explained, " I think for the longer term of Trump's economic plan here, you're about to see a little bit of a shift in it right now, not only because you're hearing about China possibly coming to the table –– and the last couple of times that's happened that has lifted the markets.any indication a deal could be coming everybody gets a little excited –– but in the Capitol right now they're going through budget reconciliation."
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"If they get this tax deal done, now I understand they want to do it in one big beautiful bill and as the Hill dork I am, I think the fact that you have two budget vehicles available to you gives you double the power and opportunity to get big economic policy done," she predicted. "Everything needs to have a budgetary impact in order to beat the filibuster in the Senate."
"But they get this tax work done, it will help alleviate the work that needs to get done on trade and tariffs, and take some of the pressure off of those points and it's happening right now in the Capitol and it's not being discussed about," she stated.
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"I don't know, I mean, can I just say I don't buy that?" host Phillip parried. "I don't buy that tax cuts, which are generally going to be future-facing are going to alleviate the pressure on American pocketbooks, which they will start feeling as soon as this summer."
"So that's my that's issue is that I think that that's a very good, like, theoretical Washington talking point, but people are going to be going to the store to buy things. or going online on Amazon to buy things, and the prices are going to say double what they were saying before and I don't think tax cuts is going to have an impact on that anytime soon," she added.
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