Chuck Schumer vowed back in December that the Senate will ‘vote on a revised version of the House-passed Build Back Better Act — and we will keep voting on it until we get something done.’ Instead, it looks like the bill has become a Bataan Death March for liberals.
Senator Joe Manchin said the new inflation numbers on Thursday make it even more unlikely that BBB will be resurrected (emphasis added by us):
That’s the good news. The bad news is that to reduce inflation and the budget deficit, Manchin still wants to repeal the Trump tax cuts.
The logic here eludes us. Taxing workers and businesses will reduce the supply of goods and services – when you tax something, you get less of it – and when supply goes down…prices go up.
We prefer (the Kudlow/Moore idea) making the tax cuts permanent, get Americans back to work, and take a Texas chain saw to the $7 trillion Govzilla budget.