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In the 1996 State of the Union Address, President Clinton declared that “the era of big government is over”. In March 2021 when President Biden signs the American Rescue Act, it will officially return. When combined with the pandemic stimulus bill passed
ThyBlackMan.com) The
Democratic Party has no interest in supporting a Consumer Tax Cut. Perhaps, I should say that differently, it has no interest in supporting a plan identified as a
Consumer Tax Cut Plan, as stimulus checks are no more than consumer tax cuts. Here is how Investopedia, a financial website, defines a stimulus check; A stimulus check is a check sent to a taxpayer by the U.S. government. Stimulus checks are intended to stimulate the economy by providing consumers with some spending money. When taxpayers spend this money, it boosts consumption and drives revenues at retailers and manufacturers and thus spurs the economy.
Speaker Nancy Pelosi delivered remarks on the Floor of the House of Representatives in support H.R. 1319, the American Rescue Plan Act, landmark, life-saving legislation that will provide urgently-needed resources to get vaccines in arms, put money into families’ pockets, return children safely to the classroom and put people back in jobs.