{"id":27701,"date":"2021-10-05T18:16:32","date_gmt":"2021-10-05T22:16:32","guid":{"rendered":"https:\/\/www.megalextoria.com\/wordpress\/?p=27701"},"modified":"2021-10-05T18:19:26","modified_gmt":"2021-10-05T22:19:26","slug":"white-house-press-secretary-jen-psaki-refuses-to-acknowledge-economic-reality-because-she-thinks-its-mean","status":"publish","type":"post","link":"http:\/\/www.megalextoria.com\/wordpress\/index.php\/2021\/10\/05\/white-house-press-secretary-jen-psaki-refuses-to-acknowledge-economic-reality-because-she-thinks-its-mean\/","title":{"rendered":"White House Press Secretary Jen Psaki Refuses to Acknowledge Economic Reality Because She Thinks It\u2019s Mean"},"content":{"rendered":"

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Ayn Rand famously quipped, \u201cYou can avoid reality, but you cannot avoid the consequences of avoiding reality.\u201d White House Press Secretary Jen Psaki\u2019s latest viral flub seems perfectly calibrated to confirm the late author\u2019s wise words. <\/span><\/p>\n

At a Monday press conference, Psaki was confronted by journalists citing data showing that House Democrats\u2019 proposed tax increases would violate President Biden\u2019s pledge not to raise taxes on anyone earning less than $400,000. <\/span><\/p>\n

In particular, multiple studies have shown that the proposed increase in the corporate tax rate from 21 to 26.5 percent would lead to lower wages for workers and higher consumer prices. (A de facto tax increase for those earning less than $400,000 if not technically a direct one.) The press secretary responded to the journalist\u2019s query by downplaying the potential pass-along costs and simply declaring them immoral. <\/span><\/p>\n

\u201cThere are some… who argue that in the past, companies have passed on these costs to consumers,\u201d Psaki <\/span>said<\/span><\/a>. \u201cWe feel that that\u2019s unfair and absurd and the American people will not stand for that.\u201d <\/span><\/p>\n