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Majority Leader Chuck Schumer wants a Senate vote on his partisan tax deal with Joe Manchin as early as this week, and no wonder he wants to rush it through. The more Americans learn what’s in this tax-and-spend behemoth, the more they’ll dislike it.
Start with the authors’ central claim that the bill will reduce the deficit and thus inflation. The Penn Wharton Budget Model, which Sen. Manchin has been known to watch, examined the details of Schumer-Manchin and found that it doesn’t contain any net deficit reduction until 2027.
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