It’s not a tax, it’s a schmax. Totally different.

[jon-nyc]

From oral arguments on the tariff case:

Kagan: Any instance in which “regulate” confers taxing power?
Sauer: We’re not arguing that. It confers tariff power.

[jon-nyc]

Roberts: "Who pays the tariff?"

Sauer: <inserts pile of gibberish with no coherent basis in economics>

[jon-nyc]

Assuming Gorsuch follows his prior jurisprudence and these comments are indicative, we're looking at at least a 6-3 ruling against Trump with the 3 liberals + Barrett, Roberts, and Gorsuch going against Trump.

[Horace]

I expect this will be yet another case of reality interfering with histrionic narratives about the supreme court being in Trump's pocket.

[Doctor Phibes]

@Horace said in It’s not a tax, it’s a schmax. Totally different.:

I expect this will be yet another case of reality interfering with histrionic narratives about the supreme court being in Trump's pocket.

Based on Jon's prediction, only 3 of them are.

[jon-nyc]

To be clear that’s a quote. Not my prediction. Though I’ve seen enough of the transcript to comfortably bet that they’ll lose.

The administration seems to be expecting a loss also and has some plans to keep some tariffs just using different justifications. Or try to at least.

[Horace]

@Doctor-Phibes said in It’s not a tax, it’s a schmax. Totally different.:

@Horace said in It’s not a tax, it’s a schmax. Totally different.:

I expect this will be yet another case of reality interfering with histrionic narratives about the supreme court being in Trump's pocket.

Based on Jon's prediction, only 3 of them are.

That prediction is less about affinity for a political tribe, and more about affinity for certain legal principles. If it were based on purported tribalism, Gorsuch would replace Kavanaugh in the tribal set. Regardless of how you slice it, the notion that SCOTSU is in the pocket of Trump remains absurd.

[Mik]

A lot of what Trump has done is based on the "make me quit it" doctrine. He's bound lose a few, if not many.

The market seems to be encouraged.

[jon-nyc]

Ever the optimist.