The pragmatists, who would like to have it both ways, believe that raising taxes will bring any incipient recovery to a halt, by putting up prices and reducing the spending power of consumers, who already face the prospect of sharply falling pay settlements, which could well dip below inflation this year.
The pragmatists, who would like to do two things at once, believe that raising taxes will bring any incipient recovery to a halt, by putting up prices and reducing the spending power of consumers, who already face the prospect of sharply falling pay settlements, which could well dip below inflation this year.