[pbourke]

You are seeing one response in the various relief and reform proposals put forward by the Biden administration. Biden is following FDR’s blueprint of first relief then reform in response to a crisis. The refundable child tax credit alone has the potential to sharply curtail extreme poverty.

Whether it works or not is to be seen. You can look at both Biden and Trump as the end of the arc of neoliberalism that began with Reagan. The same broad moves seem to be happening in other peer nations.