Senator Elizabeth Warren apparently calls this the “tax doom loop” which is a pretty twisted way of framing things. The “tax doom” in this case refers to the fact that, given a choice, most Americans would rather not pay higher taxes. As for the “loop” part of the formula, that arises from the fact that we have a two party system in which the Republican Party is able to run on this issue of taxes and occasionally even cut taxes, leaving progressive Democrats with a major problem. How can they keep spending money they don’t have?
It goes like this: Republicans pass huge tax cuts that are, at first, only temporary. By the time the tax cuts are set to end, Americans have become used to owing less to the government. Hesitant to raise taxes, Democrats join with Republicans to continue many of the cuts indefinitely.
To liberals, this cycle is to blame for a range of social and economic…
