Here's the maximum amount Biden's stimulus proposal would deliver to America's poorest families

[Yo_Mama_Been_Loggin]

A new round of $1,400 stimulus checks could equal at least 20% of the money low-income families bring home in a full year, according to tax policy experts running the numbers on President Joe Biden’s proposed financial rescue plan to lift up households rocked by the pandemic’s economic fallout.



And that’s just the start.

Factoring in the expanded tax credits in Biden’s $1.9 trillion “American Rescue Plan,” those projected cash influxes could rise even higher for people living at the income ladder’s lowest ends.

“Right now, the smartest thing we can do is act big,” Treasury Secretary Nominee Janet Yellen said Tuesday at her Senate confirmation hearing, adding that America was already in a “K-shaped economy” before the pandemic, with a stark and growing divide between the haves and have nots.

https://www.msn.com/en-us/money/markets/heres-the-maximum-amount-bidens-stimulus-proposal-would-deliver-to-americas-poorest-families/ar-BB1cUW2i?ocid=hplocalnews&li=BBnbfcL

[FirstLight]

1. Great, how soon can we get it?

I swear, these past few weeks I am literally scraping for everything...
went to the food bank yesterday
Had a friend buy me what I couldnt get, but that is not something I can rely on.
Unemployment fell off the cliff 12/26 (still waiting to see if they will give me an extension, otherwise I'm screwed till July)
Had two things bounce and the fees sucked me dry


COME ON CONGRESS! Let's GO!

[regnaD kciN]

2. Looks like Republicans are going to play their usual "EHRMEGERD! TEH DEFICIT!" game...

...that they always play with a Democratic majority, and vote as a bloc to oppose it. Meaning that, since they could filibuster it in the Senate, we'll need to do it as a budget reconciliation bill -- which may take awhile, because I think you only get one of those a year, so it will have to essentially be the entire Democratic "wish list" for 2021.

[Hortensis]

3. And almost all the money would be spent locally, so its multiplying effect

would benefit many others and support jobs in communities across the nation.

[Bluethroughu]

4. End the filibuster and make this the administration,

Future Americans talk about for generations while oligarchs sweat out some corporate perspiration.