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Kimberly Clausing

No, Joe Manchin, Taxes Don’t Cause Inflation

On the contrary, now is an excellent time for President Joe Biden’s proposed tax increases.

What is he thinking?

What is he thinking?

Photographer: Al Drago/Bloomberg

Senator Joe Manchin, in rejecting the package of tax increases and climate measures central to President Joe Biden’s economic agenda, has cited an issue of legitimate concern for Americans: the unacceptably high level of inflation.

Lest anyone be misled, I must set the record straight: Higher taxes do not stoke inflation. On the contrary, they can help get prices under control.