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Crucially, the pact between Biden and Senate moderates preserves the $400-per-week federal unemployment insurance through August, a big deal for progressives. But it won't be extended to September, as some Democrats had wanted, to avoid a recess cliff.https://www.nbcnews.com/politics/congress/biden-senate-democrats-agree-limit-eligibility-1-400-checks-n1259463 …
How much will Senate Democrats save from these changes pushed by moderates to reduce eligibility for stimulus payments? $12 billion, Sen. Wyden tells me. The overall cost of the package is $1.9 trillion.https://www.nbcnews.com/politics/congress/biden-senate-democrats-agree-limit-eligibility-1-400-checks-n1259463 …
Wyden, the Finance Committee chairman, made clear he preferred to keep eligibility for direct cash at the $100K/$200K level. The reduction to $80K/$160K came as a result of a demand by centrist Democrats, agreed to by Joe Biden to get the bill passed, per multiple sources.
But it's targeted! #LyingRepublicans #letshurtpeopletoproveweretough
So this is all about optics for the moderate Dems and the Republicans saying they were holding Biden's feet to the fire. Or, .06% by my calculations. What a farce.
"How much will Senate Democrats save from these changes pushed by moderates to reduce eligibility for stimulus payments?"
save?
the Senate Dems are like Scrooge, they have a lot of money but they want to save it as much as possible?
it's not their money
see #MMT
Why are people with steady work even getting stimulus payments?
When people spend money, regardless of their work status it "stimulates" the economy and helps improve the overall condition for Americans. Got it?
So, less than one percent... Out of ALL that money, they decide to target the American worker for cuts? How about cutting one jet fighter in development instead, FFS?
So messed up isn’t it!!!????
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