Janet doing her job, and her push to straighten out some taxes is deflationary on ten year rates and oil prices. Dollar is flat. That jump in interest costs was a bit of a wake up. But mostly, tax talk defers the next stimulus.
I like the idea of adding revenue sharing here. The senators got their usual shock, but they are not chronic, and they can see the relationship between money shocks and balanced state finances. Janet can connect these two.
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