Disappointing – not enough deregulatory zeal, and too much permahawk orthodoxy.
As our friend Donald Luskin has pointed out, the Schumer Democrats have no standing to stop Republicans from eliminating the blue state tax benefit if they sit out the debate. The GOP only has an incentive to deal if Mr. Schumer delivers at least eight Democrats to provide the 60 votes to make tax reform permanent under Senate budget rules. What will it be, Chuck, play or have your constituents pay?
Out of whack with all other labor market indicators. We’re still 3 million from full employment.