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Increasing the Schumer-Manchin tax for everyone


Majority Leader chuck schumer wants a Senate vote on his partisan tax deal with Joe Manchin this week, and no wonder he wants to rush. The more Americans learn about this tax-and-spend behemoth, the more they won’t like it.

Start with the authors’ central claim that the bill will reduce the deficit and therefore inflation. Penn Wharton’s budget model, which Senator Manchin is known to observe, looked at the Schumer-Manchin details and found that it contains no net deficit reduction until 2027.

wsj

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