.@ScottJenningsKY gives Abby Phillip an economics lesson on CNN NewsNight and exposes her flawed logic. For Phillip: • Tariffs (which she calls taxes) = (bad, because Trump) • Corporate income tax = good Jennings: “My question to you all is very simple. If you’re so upset about tariffs as taxes being depressive of economic activity, would you trade all the tariffs for a zeroing out of corporate income taxes? You don’t have to do that. Why don’t you do that? Because the tariffs are good and certain taxes are bad because Trump did one and you wanna do the other. And that’s the way it is.” …. Phillip: “What are you talking about? Income taxes don’t raise prices.l Jennings: “Of course it does. If you are the Abby Phillip Corporation and I tax you, you pass it on to your products, whatever they are.” Phillip: “Income taxes don’t raise prices on goods.” Jennings: “Oh my goodness, Abby. Okay.” Phillip: “Tariffs do. The taxes… and tariffs….”