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Biden’s Economic Plan Will Test Republican Taste for Dealmaking By Joe Biden Photographer: Jim Watson/AFP/Getty Images (Bloomberg) -- President-elect Joe Biden on Thursday will unveil a Covid-19 relief package rivaled in size only by last year’s $2 trillion Cares Act, in his first legislative test in the face of a split U.S. Senate and a deteriorating economy. Transition officials developed a proposal with Democratic lawmakers and their staff in recent days that’s anticipated at at least the $900 billion of December’s bill, with incoming Senate Majority Leader Chuck Schume...

Biden Seeks $1.9 Trillion for Relief in First Economic Plan Bloomberg 1/15/2021 Nancy Cook, Jenny Leonard and Mario Parker (Bloomberg) -- President-elect Joe Biden will ask Congress for $1.9 trillion to fund immediate relief for the pandemic-wracked U.S. economy, a package that risks swift Republican opposition over big-ticket spending on Democratic priorities including aid to state and local governments. “We have to act and we have to act now,” Biden said Thursday night in Wilmington, Delaware. He said he would lay out a second, broader economic recovery plan next month...

Making work pay tax cut part of the recovery act in 2009, where the withholdings got changed and people took home more money. in fact, compare apples to apples that tux cut of 2009 to this one in 2018, bottom three quintiles, 0% to 60% got bigger cuts than this bim. changes subtle enough people didn't run around, great, tax cut. the bush tax cut, 2001, 2003, literally came way check and note from the treasury, next to the check that said, you are getting this check because george w. bush signed into law the tax cut act of whatever. i think one of the problems republicans have when they think a...

Would have respected barack obama, had he been around, for pages, called "the new new deal," which everyone should having had the guts to stand up read, lays out exactly what it for the automobile industry when did accomplish. and if you want a microcosm of so many others just were prepared to walk away. what went wrong with the way the stimulus was sold, the making work pay tax cut. you know, when i look back, when okay, the making work pay tax cut was put into everyone's i look back now, when i look payroll the day it was passed. back on the president's as opposed to the george w. bush decis...

When the truth is and you know this reverend to be correct, that since president obama's been in office, the average middle class family has received $3600 worth of tax cuts. that's the payroll dedex tax cuts. that's the making work pay tax cut in the stimulus plan. that's the college deduction for kids in college all put together. the average family is paying $3600 less under president obama and they keep claiming he's raised taxes on people he hasn't raised taxes. he's cut taxes on ordinary americans. their plan would raise taxes on ordinary americans and give tax breaks to people who don't ...