Chuck’s Commentary - Big Beautiful Bust: Why Tax Day Isn’t A Win For Trump + What Lessons Can We Take From Orban’s Defeat In Hungary
Chuck Todd opens on Tax Day — which the Trump team had planned as a political celebration showcasing bigger refunds, but which has instead become what he dubs the "One Big Beautiful BUST," with any gains from the tax cut completely eaten up by Trump's tariffs and the Iran war. Todd argues the economy isn't in recession but isn't good either, that voters simply won't feel the effects of Trump's tax cut, and that America now faces the genuine prospect of 1970s-style stagflation. H predicts we'll ultimately end up with an Iran deal that looks remarkably similar to the Obama deal Trump once…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.