President Biden’s tax-and-spend budget brings us back to 1980 when President Reagan rode the inflation issue to the White House. Back then, Reagan promised to lower taxes, and offered relief from “bracket creep” — caused by inflation artificially pushing Americans into higher income tax brackets. “An insidious tax,” Reagan called it. Mr. Biden, though, is ignoring the lessons of the 1970s and pushing a budget that will worsen inflation.