WH’s Bernstein on Tax Increases: It’s ‘a Very Good Idea,’ ‘Will Further Reduce the Budget Deficit, That’s Disinflationary’

EXCERPT:

BERNSTEIN: “If you look at the record of how tax increases like this play out, not only do they not hurt jobs or investment when you're targeting the very top of the income scale, but they will do something that's very important to President Biden and to Senator Manchin as well, they will further reduce the budget deficit, that is disinflationary in this environment. So yes, we think this is a very good idea.”