GOP's Kennedy compares dire Trump tariff predictions to 'late-night psychic hotlines'

While senators Chuck Schumer D-N Y and Ben Ray Luj n D-N M cited economists' projections that President Donald Trump's tariffs will cost American families an extra per year GOP Sen John Kennedy R-La insisted We don't know suggesting those who claim they do are making fools of themselves I followed what all these economists are saying Most of of them make these late-night psychic hotlines look respectable Kennedy advised Fox News Digital at the Capitol They don't know any more than anybody else We're in uncharted waters here According to Schumer and Luj n Americans can likely expect to see costs rise enough to equate to a per year tax on American families STEPHEN MILLER SAYS AMERICANS HAVE TO UNDERSTAND HOW BADLY WE'VE BEEN RIPPED OFF AS A COUNTRY When the average American family sits down and tries to figure out how they're going to pay for things and they hear they may pay more than they've had to pay before and they may not be able to buy a new car they may not be able to assistance that new drug that grandma necessities they may not be able to take that vacation they were planning for a year they're going to be outraged Schumer recounted reporters It's a huge tax on American families All all to help billionaires get a tax cut Luj n seconded the sentiment from Schumer pointing to the economists that Kennedy blasted as less respectable than a late-night psychic hotline TRUMP'S CHINA TARIFFS FACE LEGAL CHALLENGE FROM CONSERVATIVE GROUP CALLING THEM UNLAWFUL There's no question that the American people are the ones that are going to be paying the brunt of this Luj n argued The actuaries that have been putting out reports and other economists are suggesting that this is going to be a national sales tax on the American people of about bucks year That's just not right If the president would be open to using targeted tariffs as a tool something that I'm open to and I think others are that's one thing Luj n added But when he's arbitrarily just going across the board and trying to slap on numbers I'm very concerned for my constituents that are going to be paying out of pocket Kennedy argued such projections had no basis in fact The truth is we don't know These economists don't know Kennedy insisted These are uncharted waters We've not had these kind of tariffs in a long time It may be a net positive President Trump implemented tariffs in his first term Didn't seem to hurt the business activity It could be a negative All I'm saying is that in Washington D C for every economist there's an equal and opposite economist and they're usually both wrong