Tax Policy Outlook. The good news is that we don’t think tax hikes will hit until at least 2026.

Ignore the Crazy!... It’s the growth in the money supply, or continued lack thereof, that will determine what happens to economic growth and inflation in the next couple of years.

Tax Hikes: Bad, But Bearable...The bottom line is that this budget deal will raise spending and tax rates over the next decade, and this is bad for the economy’s long-term growth potential. But we’ve had much larger tax hikes in the past and survived.