Stuart Varney: Tax and spend is back
FOX Business host Stuart Varney argues it will be a political disaster if the Democrats can turn their tax and spend program into electoral victory for the midterms.
During his "My Take" Friday, "Varney & Co." host Stuart Varney discussed the passing of the $280 billion semiconductor bill and Democrats' Inflation Reduction Act proposal, arguing "tax and spend is back" as the country enters a technical recession.
STUART VARNEY: Tax and spend is back. And I blame Republicans. They were duped. They were rolled.
Here's the story:
Wednesday, 17 Republicans said yes to a $280 billion "chip bill" that was supposed to support the computer industry but which is also a grab-bag of government spending.
Thursday, the Republicans found that Sens. Schumer and Manchin had been secretly negotiating an even bigger tax and spend plan.
Republicans had been tricked.
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