Great job by the Democrats. There was agita about the composition of the bill. But Dems went big, and—this is crucial—it seems nearly devoid of useless payouts to GOP constituencies; almost every dollar is about COVID, helping people who need help, & ramping up the economy
— Dana Houle (@DanaHoule) March 6, 2021
From the Washington Post, official paper of the company town where the monopoly industry is politics, “Biden stimulus showers money on Americans, sharply cutting poverty in defining move of presidency”:
President Biden’s stimulus package, which passed the Senate on Saturday, represents one of the most generous expansions of aid to the poor in recent history, while also showering thousands or, in some cases, tens of thousands of dollars on Americans families navigating the coronavirus pandemic.
The roughly $1.9 trillion American Rescue Plan, which only Democrats supported, spends most of the money on low-income and middle-class Americans and state and local governments, with very little funding going toward companies. The plan is one of the largest federal responses to a downturn Congress has enacted and economists estimate it will boost growth this year to the highest level in decades and reduce the number of Americans living in poverty by a third.
This round of aid enjoys wide support across the country, polls show, and it is likely to be felt quickly by low- and moderate-income Americans who stand to receive not just larger checks than before, but money from expanded tax credits, particularly geared toward parents; enhanced unemployment; rental assistance; food aid and health insurance subsidies…
The total numbers are staggering. Cumulatively, the government will hand out $2.2 trillion to workers and families between the relief passed last year and this latest bill, according to the Committee for a Responsible Federal Budget, a nonpartisan group. That’s equivalent to what the government spends annually on Social Security, Medicare and Medicaid combined…
The Democratic stimulus package also provides significant funding for vaccine distribution and state and local governments. Business and health leaders say getting most Americans vaccinated is key to the economic recovery. But most of the attention on the bill has focused on its overall price tag and the payments that are set to go to about 150 million American households.
The latest stimulus will reduce poverty by a third, lifting nearly 13 million Americans out of it, according to an analysis by Columbia University’s Center on Poverty and Social Policy. Black Americans, Hispanic Americans and poor families with children are set to benefit the most. Child poverty would be reduced by more than half, the researchers predict…
BREAKING: Senate Dems pass Biden’s $1.9 trillion stimulus
— $1,400 checks per adult & kid
— Unemployment @ $300 thru Sept. 6
— $350 billion for cities, states, tribes
— $3K/yr per kid 6-17, $3,600 kids 0-6
— $170B for schools
— $100B public health
— Jeff Stein (@JStein_WaPo) March 6, 2021
Biden with a fairly overt contrast in his remarks on the Senate passage of the Covid bill: “When I was elected, I said I was going to get the government out of the business of battling on Twitter and back in the business of governing for the people.”
— Sam Stein (@samstein) March 6, 2021
A lot had to fall in place to enable the $1.9T price tag but this was a crucial moment: January 9, 2021 — Joe Biden made the case that deficits don’t matter right now and Dems must go big. It changed the frame of the debate.https://t.co/oooXwAKQ3K
— Sahil Kapur (@sahilkapur) March 6, 2021
This is also really important. And it’s worth remembering back to CARES that eligibility expanded significantly. A lot of gig workers & people who haven’t earned much or worked many weeks are getting UI they wouldn’t have were it not for this change https://t.co/zJlyGlqh86
— Dana Houle (@DanaHoule) March 6, 2021
Honestly, that puts (or better, keeps) money in pockets now. Not doing it means most people, when faced with a big bill next month, would be sure Biden raised taxes.
— Malaclypse (@Mal_A_Clypse) March 6, 2021