For Journey Gunderson, the American Rescue Plan’s help for entertainment venues is doubly important. It will help the National Comedy Center, of which Gunde
EASTSIDER-Under President Trump there was a very partisan fight over the tax cut plan for the already richest Americans. Four years later there was an equally partisan food fight in Congress over the $1.9 trillion stimulus bill, with virtually no Republican support.
But guess where Democrats and Republicans all seem to agree? The Defense Department Budget! Honest.
Read on. . .
Remember 2017? Remember the lies? Reducing the corporate tax rates from 35% to 21%, along with tax code amendments which favored the already wealthy. The theory was that corporations and the 1% would plow all that new money into more jobs for you and me. Sure.
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This Last-Minute Provision Blocks GOP Govs from Using Stimulus Money to Subsidize Tax Cuts
By Julia Rock, The Daily Poster
On 3/17/21 at 5:30 AM EDT
GOP governors are considering tax cuts for corporations or the rich, but a last-minute provision will keep them from using federal funds. Senate Majority Leader Sen. Chuck Schumer (D-NY) listens as U.S. President Joe Biden speaks during an event on the American Rescue Plan in the Rose Garden of the White House on March 12, 2021 in Washington, DC.
Alex Wong/Getty Images
The American Rescue Plan s $1.9 trillion of spending represents a significant break with the budget-cutting, deficit-obsessed austerity ideology that has held sway since the Reagan Era. But that s not all it does. A provision tucked into the final bill also aims to halt the anti-tax movement that has drained state and local coffers of resources to fund infrastructure, public education, and other basic social services.
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On this edition of Your Call, we re discussing how the $1.9 trillion COVID-19 relief bill will benefit families and children. The bill includes a historic measure of expanding the Child Tax Credit and making it a monthly payment.
Low-income families would be the biggest beneficiaries. Today, four in 10 children in the US live in households that struggle to afford basic expenses. Advocates say it’s the most far-reaching anti-poverty legislation in more than 50 years. What questions do you have about the child allowance and what will it take to make it permanent?
Guests:
Arthur Delaney, senior reporter for HuffPost covering politics and the economy