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by anchpop
1919 days ago
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I feel like unless the words "as checks" are doing a lot of work, the implication of your last sentence is not true. A sibling comment posted a link to a wikipedia article which says: > The bill's economic-relief provisions are overwhelmingly geared toward low-income and middle-class Americans, who will benefit from (among other provisions) the direct payments, the bill's expansion of low-income tax credits, child-care subsidies, expanded health-insurance access, extension of expanded unemployment benefits, food stamps, and rental assistance programs. Here's [0] a more direct breakdown of there the 1.9T went. A large chunk of the money was spent on the $1400 checks, extending unemployment insurance (which come as checks/direct deposit), and the child tax credit (which really will just be realized as another check). The majority of the rest goes to state governments (who will probably redistribute some of it), K-12 schools, and "energy and commerce" which supposedly includes contact tracing efforts and vaccines. Doesn't seem like a big misallocation of resources to me. [0]: https://files.taxfoundation.org/20210312120937/American-Resc... |
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