Senate Majority Chief Chuck Schumer pulled a rabbit out of his hat when he introduced a funds settlement with Sen. Joe Manchin (D., W.Va.). However quicker than you may say “supply-side economics,” Republicans gave their rote objection to any tax improve: It would destroy the economic system. A tweet from Minority Chief Mitch McConnell warned that Democrats “wish to pile on large tax hikes that may hammer employees and kill many 1000’s of American jobs.”
Sound acquainted? It ought to. Newt Gingrich predicted in 1993 that President Clinton’s tax will increase would “kill the present restoration and put us again in a recession.” As a substitute, we bought the Clinton increase.
