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Author Topic: Chuck Schumer: ‘Only Way’ To Reduce Inflation Is To ‘Raise Taxes’ & Undo Trump Tax Cuts  (Read 405 times)

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Online mystery-ak

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Chuck Schumer: ‘Only Way’ To Reduce Inflation Is To ‘Raise Taxes’ & Undo Trump Tax Cuts
« on: April 27, 2022, 10:05:58 am »
Economy
Chuck Schumer: ‘Only Way’ To Reduce Inflation Is To ‘Raise Taxes’ & Undo Trump Tax Cuts
by Jamie White
April 26th 2022, 5:23 pm

Meanwhile, excessive government entitlement spending facilitated by Federal Reserve money-printing will continue unabated.

The “only way” to tackle rampant inflation in America is to raise taxes on the middle class and eliminate tax cuts enacted by former President Donald Trump, according to Senate Majority Leader Chuck Schumer (D).

“If you wanna get rid of inflation, the only way to do it is to undo a lot of the Trump Tax Cuts and raise rates,” Schumer said during a press conference at the Capitol building on Tuesday.

more
https://www.infowars.com/posts/chuck-schumer-only-way-to-reduce-inflation-is-to-raise-taxes-undo-trump-tax-cuts/
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Offline Kamaji

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Re: Chuck Schumer: ‘Only Way’ To Reduce Inflation Is To ‘Raise Taxes’ & Undo Trump Tax Cuts
« Reply #1 on: April 27, 2022, 10:07:52 am »
No, we could reduce government spending as well.
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Offline GtHawk

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Re: Chuck Schumer: ‘Only Way’ To Reduce Inflation Is To ‘Raise Taxes’ & Undo Trump Tax Cuts
« Reply #2 on: April 27, 2022, 01:04:36 pm »
Ah, another student of the AOC economics school, drive down demand by robbing people of their cash and prices will have to drop so that businesses can unload their crap.
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Offline DefiantMassRINO

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Re: Chuck Schumer: ‘Only Way’ To Reduce Inflation Is To ‘Raise Taxes’ & Undo Trump Tax Cuts
« Reply #3 on: April 27, 2022, 01:07:31 pm »
Raising taxes does not help reduce inflation ... it only contributes to inflating the size of Government.

Chuck, do you know what helps reduce inflation?  Supply side economics - get Big Government out of the way so capitalist free markets can work their magic.
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Offline Wingnut

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Re: Chuck Schumer: ‘Only Way’ To Reduce Inflation Is To ‘Raise Taxes’ & Undo Trump Tax Cuts
« Reply #4 on: April 27, 2022, 01:12:30 pm »
Chuckie is, and always will be, stuck on stupid.
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Offline catfish1957

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Re: Chuck Schumer: ‘Only Way’ To Reduce Inflation Is To ‘Raise Taxes’ & Undo Trump Tax Cuts
« Reply #5 on: April 27, 2022, 01:31:01 pm »
ECON 101....

If you ask the dims in congress, they'd probably say it was a model of electric car.
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