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Thursday, March 11, 2021 After months of debate regarding the federal government’s third round of COVID-19-related economic stimulus, President Biden signed the American Rescue Plan Act (ARP ) into law on March 11. As we summarize below, the ARP will provide federal dollars through a wide range of channels, including individual stimulus checks, funds for state and local governments, COVID-19 testing and vaccines, education, small businesses, and anti-poverty programs, including three expanded tax credits. American Rescue Plan Act: Key Provisions $1,400 Individual Stimulus Checks ...

Alphabets. it seemed to confirm the negative market sentiments. that's not hurting the u.s. economy just yet. this morning we saw a strong g.d.p. read from the three months june to september. the third quarter as we call it u.s. economy growing 3.5% less than the second quarter of the year but still better than forecast and really puts the u.s. economy on pace the best year of growth since 2005. that's 1 years. consumer spending was a bright spot and also important for the u.s. about two thirs o thirds of americanse spending fattest rate thanks to lower taxes and best jobs market in close than...

Federal employees? no expanded oil drilling, please can we have expanded oil drilling? democrats said no. neutrality, nope. >> the pollution rules for new coal-fired power plants. we demand you repeal those. democrats said no. democrats, i said no. paul ryan piped up. he popped up and said, how about my tax code changes from when i ran for vice president? can i have those tax code changes now? democrats said no. republicans demanded that the administration get rid of cole ash regulations. democrats said no. then they demanded to change the tax on medical devices, the tax on medical devices. no...

The epa coal-powered plant, they asked for that, the democrats said no. paul ryan demanded he get all his tax code changes for when he lost running for vice president, no. they demanded the administration get rid of coal ash regulations, the answer was no. here is a new one, they demanded to change the device on medical taxes, the answer to that was no. can we change the treasury department's rules to make the next debt ceiling crisis worse than this one, that was one of the last ones, the answer was no. here is one, can we get income verifications for low income people who are going to get he...

Weapon of mass destruction and it would have been preferable to take the debt ceiling fiasco off the table. >> lack thereof, then. what's your feeling on the compromise? the president coming forward with 400,000 and the first 400,000 not having a tax increase. would you be fine with that number or -- >> no, i wouldn't. i would support it if it was part of an overall bargain and the numbers would have made it up and we would have made up the revenue with tax code changes, but if we have this temporary situation, i actually hope that the president will stick with the 250 and that's what he campa...