‘Inflation tax’ prediction proving true
Sen. Joe Manchin, D-W.Va., has been stalwart in his concerns over inflation and Democrats’ desire to spend trillions to fund new social programs: “An overheating economy has imposed a costly ‘inflation tax’ on every middle- and working-class American. At $28.7 trillion and growing, the nation’s debt has reached record levels,” Manchin wrote in a commentary published in the Wall Street Journal. “Over the past 18 months, we’ve spent more than $5 trillion responding to the coronavirus pandemic. Now Democratic congressional leaders propose to pass the largest single ...