The Week

The entire globe may be approaching consensus for the first time since World War I. According to Newsweek, “The rest of the world is also souring on Clinton.”

First Daniel Rostenkowski’s House Ways and Means Committee meets in secret, all the Democrats voting to do so, all the Republicans voting to open the meeting. Then it holds Democratic caucuses that are closed even to Republican members of the House, not to mention the public and the press. Then the Democrats hike income taxes $123 billion, about $500 for every man, woman, and child; impose an energy tax of $73 billion; increase corporate taxes $28 billion; tax Social Security benefits $23 billion; and work on about $20 billion more in miscellaneous taxes. Total cost in dollars: $266 billion more in taxes, among the biggest tax increases in history. Total cost in jobs: not mentioned but reasonably estimated at up to eight million jobs lost, surely the most predictable depression on record. Vote: 24 committee Democrats for; 14 Republicans against.

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The entire globe may be approaching consensus for the first time since World War I. According to Newsweek, “The rest of the world is also souring on Clinton.”

First Daniel Rostenkowski’s House Ways and Means Committee meets in secret, all the Democrats voting to do so, all the Republicans voting to open the meeting. Then it holds Democratic caucuses that are closed even to Republican members of the House, not to mention the public and the press. Then the Democrats hike income taxes $123 billion, about $500 for every man, woman, and child; impose an energy tax of $73 billion; increase corporate taxes $28 billion; tax Social Security benefits $23 billion; and work on about $20 billion more in miscellaneous taxes. Total cost in dollars: $266 billion more in taxes, among the biggest tax increases in history. Total cost in jobs: not mentioned but reasonably estimated at up to eight million jobs lost, surely the most predictable depression on record. Vote: 24 committee Democrats for; 14 Republicans against.