Joined: 07-20-2020 Posts: 8,881
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HAHAHAHAHA! The blowhard is at it again! He says the record high inflation we are seeing now is Trump's fault (#TRUMPPRICEHIKE)...like they aren't taxing the peeps enough because of him, like somebody's not "paying their fair share" to the regime, and that caused INFLATION!. He must have been in consultation with that Keynsian moron Paul Krugman. They must have sent Manchin to the DNC reeducation camp too. Is he really that naive that he thinks the parasitic progressive gang of thieves writ large is going to pay down the debt if they get their hands on more dough? Top Senate Dem says raising taxes, undoing Trump tax cuts is the 'only way to get rid of inflation'
CHRIS ENLOE April 27, 2022 Quote:Senate Majority Leader Chuck Schumer (D-N.Y.) claimed Tuesday the only solution to record-high inflation is raising taxes.
What are the details? During a press conference, a reporter asked Schumer whether Democrats plan to use the budget reconciliation process to pass legislation (without Republican support) to address the ongoing economic crisis.
"Reconciliation is very, very important," Schumer responded. "If you want to get rid of inflation, the only way to do it is to undo a lot of the Trump tax cuts and raise rates.
"No Republican is ever going to do that. So the only way to get rid of inflation is through reconciliation," he added.
Earlier in the day, Schumer met with Sen. Joe Manchin (D-W.Va.) to discuss combatting inflation, which has remained at record levels for months. After the meeting, Manchin signaled support for using reconciliation to pass legislation aimed at tamping down the economic problems.
"Reconciliation to me is about getting inflation under control, paying down this debt, getting a handle on what’s going on," Manchin said after the meeting.
In fact, Manchin supports changing the tax code to achieve those ends. According to The Hill, Manchin voiced support for increasing the corporate tax rate to 25% from 21%, increasing the capital gains tax (which is currently capped at 20%) to 28%, and removing "loopholes" from the tax code to ensure that "everyone pays their fair share."
More...
https://www.theblaze.com/news/chuck-schumer-raising-taxes-inflation
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