Feb 27, 2017

Deciphering Trump on the border tax

Evan Vucci / AP

Reuters ran a story that got a lot of attention last week. The headline: "Exclusive: Trump says Republican border tax could boost U.S. jobs." Republicans who support border adjustment immediately celebrated — blasting out press releases trumpeting Trump's comments.

Here's what Trump actually said to Reuters: "I certainly support a form of tax on the border ... What is going to happen is companies are going to come back here, they're going to build their factories and they're going to create a lot of jobs and there's no tax."

The problem: In the days following Trump's comments, we've heard that his top economic advisor Gary Cohn is less than enthusiastic about the tax, and yesterday on Fox Treasury Secretary Steve Mnuchin expressed deep reservations about the tax. Even public supporters of the proposal — the same folks who have to publicly say that Trump is on board — admit privately they have no idea what's in his head.

Between the lines: A source who's worked closely with Trump tells us that when Trump hears border adjustment tax, he's often hearing "border tax." That could be something very different. Remember that the only idea in this realm that Trump has spoken of publicly and enthusiastically is his idea to punish American companies that move factories overseas with 35 percent import tariffs when they try to sell their goods back into the United States. That's very different than a tax levied on all imports.

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NASCAR driver Ryan Newman hospitalized after fiery Daytona 500 crash

Ryan Newman, driver of the #6 Koch Industries Ford, crashes and flips during the NASCAR Cup Series 62nd Annual Daytona 500 at Daytona International Speedway in Daytona Beach, Florida, on Monday. Photo: Jared C. Tilton/Getty Images

Racing driver Ryan Newman was hospitalized in a serious condition with non-life threatening injuries after his car crashed at the Daytona 500 on Monday, NASCAR said in a statement.

The big picture: The 42-year-old was leading the final lap of the race, won by Denny Hamlin, when his car flipped in the fiery crash. President Trump tweeted after the crash, "Praying for Ryan Newman, a great and brave @NASCARdriver!"

Go deeper: Trump takes presidential limousine for lap at Daytona 500

Bolton indicates more Ukraine details if book prevails WH "censorship"

Former National Security Adviser John Bolton on stage at Duke University in Durham, North Carolina, on Monday. Photo: Melissa Sue Gerrits/Getty Images

Former National Security Adviser John Bolton said during a talk at Duke University in Durham, North Carolina he hopes his new book is "not suppressed" by the White House, according to journalists present in the room.

This is an effort to write history and I did it the best I can. We'll have to see what comes out of the censorship."
Bolton's comments, per Bloomberg and the New York Times

There are warning signs that Nevada could be Iowa all over again

Former Sen. Harry Reid (D) lines up to cast an early vote for the upcoming Nevada Democratic presidential caucus. Photo: Ethan Miller/Getty Images

The alarms are increasingly sounding over Nevada's Democratic caucus, which is just five days away.

Why it matters: Similar issues to the ones that plagued Iowa's caucus seem to be rearing their ugly heads, the WashPost reports.