The Schumer-Manchin Tax Increase on Everyone

majority leader Chuck Schumer wants a Senate vote on his partisan tax deal Joe Manchin already this week, and no wonder he wants to rush it. The more Americans find out what’s inside this tax-and-spending giant, the more they’re not going to like it.

Start with the authors’ central claim that the law will reduce the deficit and thus inflation. The Penn Wharton Budget Model, which Sen. Manchin is known to observe, examined the details of Schumer-Manchin and found that it includes no net deficit reduction through 2027. The Schumer-Manchin Tax Increase on Everyone

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