Majority Leader in the Senate Chuck Schumer pulled a rabbit out of his hat when announcing a budget agreement with Sen. Joe Manchin (D., W.Va.). But faster than you can say “supply economy,” Republicans raised their routine objection to any tax hike: it will destroy the economy. A tweet from Minority Leaders Mitch McConnell warned that Democrats want to pile up “huge tax increases that will hit workers and destroy many thousands of American jobs.”
Sound familiar? It should. Newt Gingrich predicted in 1993 that President Clinton’s tax increases “would undo the current recovery and plunge us back into recession.” Instead we got the Clinton boom.
https://www.wsj.com/articles/republicans-fret-over-inflation-reduction-acts-tiny-tax-increase-recession-budget-agreement-supply-demand-economic-growth-11659644730 GOP Frets Over the Inflation Reduction Act’s Tiny Tax Increase