On today’s ToddCast, Chuck Todd breaks down Donald Trump’s sudden decision to fully engage on the economy—and why his proposals reveal both political vulnerability and economic incoherence. From promising $2.6 trillion in tariff revenue when only a fraction has ever been collected, to floating the idea of replacing income taxes with wildly regressive consumption taxes that would spike prices severalfold, Trump appears more focused on short-term optics than long-term consequences. Chuck also digs into Congress’ scramble to extend ACA subsidies—an issue so politically toxic for Republicans that even Trump may be forced to back the plan—and how the 2026 economic mood will shape the midterms. Plus, he examines the rise of Democratic “fighters” like Jasmine Crockett, the visibility boost for Gavin Newsom and Mark Kelly after their clashes with Trump, and why a politics obsessed with combat over substance leaves both parties drifting away from meaningful policy debates. Finally, he answers listeners’ questions in the “Ask Chuck” segment and give his ToddCast Top 5 non-playoff college bowl games that should be played NEXT season. Get your wardrobe sorted and your gift list handled with Quince. Don't wait! Go to https://Quince.com/CHUCK for free shipping on your order and 365-day returns. Now available in Canada, too! Go to https://getsoul.com & enter code TODDCAST for 30% off your first order. Got injured in an accident? You could be one click away from a claim worth millions. Just visit https://www.forthepeople.com/TODDCAST to start your claim now with Morgan & Morgan without leaving your couch. Remember, it's free unless you win! Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 01:00 Donald Trump finally engaging on the economy 01:30 Trump doesn’t accept the premise that the economy isn’t great 02:30 Trump blames Biden for all negative economic news 03:15 Majority of voters blame Trump for the bad economy 04:30 Trump proposes spending $2.6T in tariff revenue, only collected $250B 05:00 If Trump replaces income tax with tariffs, prices will go up 2–5x 05:45 Replacing income tax with consumption tax is incredibly regressive 07:00 Trump proposes farm bailout and cutting checks to taxpayers 08:00 Trump knows the economy is bad and wants to throw money at problem 08:45 The perception of economy in summer ‘26 will be perception for midterms 10:45 Trump worries short term, willing to push all problems off to his successor 11:30 Congress looking to extend ACA subsidies for ACA by two years 12:15 Healthcare is such a bad issue for GOP they are looking for off-ramp 13:30 Trump will have to endorse ACA subsidy extension for it to pass 14:30 Bill will likely have to pass the senate before the house 15:30 Gavin Newsom & Mark Kelly’s fight with Trump boosted their visibility 18:30 Mark Kelly’s bio has more charisma than he does 21:00 Hegseth threatening Kelly gave Kelly some juice 21:30 Jasmine Crockett announces run for senate, is very savvy candidate 22:15 Crockett’s announcement video is grounded in fight with Trump 23:00 The fastest way to get traction is Democratic politics is to be a fighter 24:00 Being a fighter helps centrists avoid the progressive litmus test* 25:15 Republicans don’t run on policy ideas, they run on “owning the libs” 26:15 If you only run on fighting, you don’t stand for anything 27:30 Major policy debates become more about the fight and lose substance 29:15 There will be “issue” candidates for Democrats, but they likely won’t do well 29:45 Crockett vs Talarico will be “fight vs unite” 30:45 Nancy Mace writes op-ed saying Dems ram through their agenda 31:30 Dems also think Republicans ram through their agenda 32:30 GOP willing to take hard votes to fulfill promises, Dems less so 38:15 Ask Chuck 38:30 Will Trump’s policy tank support with latinos & put FL & TX in play? 44:00 Will you and Cillizza have a bet on the A&M vs Miami game? 46:00 Thoughts on electing the Attorney General independently? 52:45 Does Bernie Moreno’s bill ending dual citizenship pass legal muster? 55:30 ToddCast Top 5 bowl games that would be better played next season 56:30 Multiple schools have bowed out of playing non playoff bowl games 1:01:15 #1 Citrus Bowl - Texas vs. Michigan 1:02:00 #2 Pop Tarts Bowl - BYU vs. Notre Dame 1:02:45 #3 Pinstripe Bowl - Penn State vs. Clemson 1:03:30 #4 Sun Bowl - Arizona vs. Duke 1:04:00 #5 Hawaii Bowl - Cal vs. Hawaii See omnystudio.com/listener for privacy information.
