4.6 • 949 Ratings
🗓️ 30 October 2024
⏱️ 14 minutes
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0:00.0 | This is the Kaderie Daily Podcast for Wednesday, October 30th, |
0:07.7 | 2024. I'm Caleb Brown. The president has far too much specific, and too disruptive power over trade. |
0:15.9 | Clark Packard is co-author of the new Cato paper, Presidential Tariff Powers and the need for |
0:20.5 | reform. |
0:21.5 | We spoke last week about the importance of clawing back |
0:24.4 | some of those powers. |
0:27.4 | I spoke recently with Kentucky Junior US Senator, |
0:30.9 | Republican Rand Paul on this topic as a broad matter, but I was hoping |
0:36.3 | you and I Clark could drill down a little bit about the specifics of the policy and |
0:41.5 | maybe even get into a little bit of the Congress is supposed to jealously guard its prerogatives in a wide variety of areas, |
0:58.8 | but in trade, as in a few other areas, the Congress has in many ways delegated away its authority |
1:07.6 | specifically to the White House to govern things like trade or to make more decisions with respect to U.S. trade |
1:18.9 | policy. Can you give me the happiest version of why that was a good thing for Congress to |
1:29.0 | have done over several decades? |
1:32.0 | Yeah, sure. |
1:33.0 | I mean, you know, |
1:34.0 | you know, |
1:35.0 | Article 1, Section 8 of the Constitution says that Congress has the power |
1:38.0 | to lay and collect taxes, duties, imposts, |
1:41.0 | and excises, and to regulate commerce with foreign countries. |
1:45.3 | And so from the earliest days of the Republic to about 1930, Congress set tariff rates, and |
1:51.5 | it was a messy prospect. You vote for my tariff and I was a messy prospect. |
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