From WSJopinion: The House’s draft tax increase is a $2.2 trillion money grab for the ages that dooms the political futures of many Democratic members.
It’s been under wraps longer than some Egyptian mummies, but the bill for the Joe Biden-Nancy Pelosi-Bernie Sanders spending agenda is about to be exposed to the air. The Ways and Means Committee draft tax increase that leaked over the weekend is a $2.2 trillion Washington money grab for the ages.
The tax proposals aren’t final, but Ways and Means will start debating them as early as Tuesday. So much for deliberation. As Chairman Richard Neal has said, publicizing tax increases too soon gives the opposition time to build. Now that the details are out, we see what he means.
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