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October 27, 2021


I Agree: “Darn it, Let’s Raise Taxes”

By Ken Morris According to House Speaker John Boehner, “You can’t raise taxes in the middle of a weak economy.” Echoing that talking point, newly elected Tea Party Rep. Joe Walsh (R-Illinois), in an interview with ABC, claimed, “Every time we’ve cut taxes, revenues have gone up, the economy has grown.” Sen. Orrin Hatch (R-Utah) attacked the president’s April tax speech by suggesting that everyone knows, “Raising taxes … will do little to reduce the deficits and debt that are, at their root, spending problems.” If I and many economists, including Paul Krugman (who wrote, “Darn It, Let’s Raise Taxes”),…