President Joe Biden’s American Rescue Plan, finally approved by our hard-working Congress yesterday, isn’t just good for kids and their families. It’s good for all Americans in a perfectly progressive way. Check out this table from the Tax Policy Center showing how the coronavirus relief/stimulus plan will affect the after-tax income of each income quintile:
Oh, that’s a bunch of numbers. Let’s look at that breakdown as a chart and compare the benefits of President Biden’s stimulus package with the Trump tax cuts on 2017:
President Biden and the Democratic Congress are sending the largest portion of the $1.9-trillion stimulus plan to the lowest income quintile of Americans, where stimulus generally does the most good. The shares decrease as we move up each quintile. That distribution inverts and smooths the distribution used by the previous administration and the Republican Congress, which gave 65% of its tax cuts to the wealthiest 20% of Americans. The regressive tax cuts John Thune and Kristi Noem approved in 2017 concentrated wealth at the top and failed to produce appreciable economic stimulus even before coronavirus discontinuitized any every economic curve.
Republicans called the regressive 2017 tax cuts rocket fuel. Ha—get ready for a real progressive moonshot from President Joe Biden.
This rescue plan helps the bottom wage earners so it was quite obvious why the repubs were all against it passing.
The most unnecessary and wasteful spending spree in the history of the known world.
I must be in that sweet spot that doesn’t ever see any benefit of any spending bill that’s passed. Who gets all this money all the time? Certainly not me. I just have to work my @ss off even longer hours.
It was passed with only Democratic votes, ergo only states with Senators and Reps who voted FOR it should benefit, right? SD should get none of the benefits. I know that would hurt many working class families, but it may open eyes and maybe some would quit voting fo the likes of Thune, Rounds and Dusty, GQP rubber stamps, all! Call it “tough love.”
The most unnecessary and wasteful spending spree in the history of the known world
Grudzilla’s feeble mind is confused. The 2018 2 trillion taxcut for the wealthy ( passed with zero Dem votes, by design) claims the top spot.
It seems like Biden gets the “how to govern.” 1) Do things that you were elected to do – help people. 2) Recognize that this is all politics, and sell the heck out of what you did. (Otherwise the GOP noise machines — like grudznick and Fox News – undercut the value to the GOP cultists who seem unable to evaluate their own interests.)
As people are able to pay their bills, pay their rent, receive vaccinations, enroll in more reasonably cost health insurance, afford food foir their children . . . it will be more and more difficult to demonize those who made that happen.
It has been said that the best revenge is to live well — that might be the best way to govern and suppress the GOP as well.
Let the division of the parties be their actions and agendas – while this progression has been the Democrats, the GOP has worked to thwart the will of the people, restrict voting in a wave of new Jim Crow racism, and move forward on a Taliban culture war of marginalization.
Some day a GOP electorate will vote for or against candidates who work to accomplish the things that the voters want. 42% of identified GOP voters approve of the new Biden stimulus; NO GOP legislators voted for it.
$1,900,000,000,000 / 330,000,000 = $5757 for every US adult and child. How much you and your kids getting?
My kids, my wife, and I are getting nothing and more inflation (inevitable) to deal with. This will be at least a $30K loss for us all things considered. We have a lot of kids and can’t game the system by writing checks on December 31 for expenses to show our income near $0. What a joke.
Going off of income is not fair, and the fact that a very large percent of this bill isn’t going to individuals are my two main gripes with this and every other spending bill. Walmart will love it though.
As you note Loren, the republican delegation sees no good in any of this or how it can benefit South Dakotan’s. It’s painfully obvious that they do not see restaurants as viable businesses that will use this Coronavirus Rescue Package to keep the doors open or to the aviation industry, to keep planes coming and going to South Dakota. American Airlines saved 13,000 jobs. Those jobs have an effect on South Dakota as American Airlines uses Rapid City as a destination.
These three must only have food catered to them and fly on private jets while they get their bottoms powdered.
“Senator Roger Wicker, Republican of Mississippi, tweeted approvingly just hours after the stimulus bill passed about the $28.6 billion included for “targeted relief” for restaurants. His post did not mention that he had voted no.”
https://twitter.com/nytimes/status/1369860678098563076
sx123 are you living in poverty, unemployed, facing eviction, having to choose between fixing the car or buying groceries?
sx123, That’s a simplistic way of looking at this legislation. First, if you are getting nothing in terms of a “stimulus check” or extended unemployment benefits, you are employed and in the top 10% of the income bracket. As part of the elite, it is understandable that you feel entitled, but the elite have done very well in the last 50 years, so let someone else benefit for a change. What would you do with your money anyway?
That’s not rhetorical. I really would like an explanation of what the super wealthy do with their government loot.
By the way, progressives pushed for sending you a check, sx123. It was Republicans who argued against spending too much money on those who didn’t need a boost. According to them, you didn’t need it, and, in an act of magnanimous bi-partisanship, Democrats agreed, and changed the bill to leave you out of the money.
I’m a progressive, but II’m also a fiscal conservative. I don’t like wasteful government programs, like that wall Trump wanted to build and excessive military spending. I view lopping benefits to super wealthy folks like you to be a reasonable compromise. Let the money go to the people who really suffered, and didn’t have any savings or investments to fall back on.
Some of the money in that bill will go to state and local government, so they can provide health information, provide health care, nutrition and shelter, as well as vaccines without having to raise your taxes. It will also provide for the extra costs schools have incurred, and other worthy things. If you don’t want your state or local community to accept this money, you can complain to them. They don’t have to accept this money.
sx123 says he and his family “are getting nothing” from this bill because they “can’t game the system by writing checks on December 31 for expenses to show our income near $0.” I understand that concern as the current leader of the Republican party has made it clear that “gaming the system” to get unneeded money is an important moral value to Trumpists.
There was a time when folks used to be proud of the fact that they earned enough income to be fully self-sufficient. The tragedy of this bill is that, unlike the Trump tax cuts, the richest Americans will not reap the most benefits and apparently will have a more difficult time “gaming the system.” What a shame!
Grudz still drinks grain belt in his minds eye. This will boost the economy because it will be spent at least Biden realized the last time the pubs kept the spending down it slowed the growth of the Obama economy. Pubs just want power so when their out of power they simply screw things up to regain power, it’s their overbearing nature.
Amazing to see comments from grudzi and sx123 and such cry about a bill that incuded so many Republican demands that they favored mightily just a few months ago when they were in the majority. but now, after getting their ‘ass whupping’ and put in the minority, they are so forgetful of what they proposed months ago1 Such hypocrites all! Not even 1 voted for it in either house of congress. Yet, many, even conservative leaning polls showed the majority of republicans favored the bill.
Like the Taliban-like GOP in South Dakota, it’s all “We know what’s best for you commoners!’ “Trust Us!”
Mr. Anderson, I find the Grain Belt Elite a bit too weak and watery, but a nice cold Grain Belt Nordeast can really help a breakfast pizza down the gullet.
FYI, I’m neither a Dem nor a Repub, and I live in a double wide. Not joking. Does that match your definition of elite? Probably not.
Nobody here, individually, is getting $5000K+ so that means most of the money is going somewhere else. Depending on your income (nevermind any medical expenses you may have), you’re just getting some crumbs to keep you a little less angry.
Yeah, sx123, it’s hard to believe you. I suppose you could be one of those people who live in a van by the river, never worked a lick in your life and sucked off the government teat. You’re blowing smoke, because what you are saying doesn’t pass the smell test.
Now, if you haven’t been collecting on the stimulus, and there are some who for one reason or another didn’t receive a direct deposit or a check, you can claim it on your income tax.
Well grudz, at least I knew you didn’t drink Pabst blue the way I did.
Non federal employees will receive a one time payment of 1400. But federal employees will receive $1400.00 a week for 15 weeks to stay home and virtual school their kids. Yeah sounds like a really good deal for most Americans.
grudz, of course, will NOT be returning his chips.
sx123 If’n yer income is dependent on how many hours you work – you ain’t in any excluded (or exclusive) class.
Well….both parties are whistling in the dark….after the Spanish Flu epidemic there was a big recession especially in farm country and the stock market was hyped with cheap money leading to the Depression. We’re just hoping a massive infusion of cash will rev up the engines and we can spin our way out of the ditch. There aren’t many other choices.
Taliban is in Pierre, but the occupying force is the Feds, who will win. Swing the Lag-islature and Governor to True Democrat or Progressive, not Taliban licker Neanderthals.
Federal Democrats try to help the people. Where was all the outrage on the right when PPP was dishing out millions to some companies and checking riches? Or Trumps tax breaks for the 1%?
When millions are out of work, you can Hoover it like the Republicans or help the people like the Democrats.
Can’t imagine George Washington saying to the King, Hey, I’m a conservative, can I overthrow you so I can enjoy some Jerry Falwell and Fox News?
well…I’ll have a 16 ounce Schmidt tap from Russ and Joe Carey’s bar in Vermillion. the cost was 20 cents in 1967 and you couldn’t beat the repartee.
sx123 description https://makeagif.com/gif/i-live-in-a-van-down-by-the-river-lgKoPz
I suppose sx123 could be obtaining his money from activity (perhaps illegal) that is off the books and therefore isn’t reported to IRS. In that case he might not be someone who can be located by the system set up to provide the money to him. I suppose if that is the case, he/she wouldn’t be getting the money that he/she would be getting under more normal and law-abiding circumstances.
Of the 74 million people that supported America’s favorite chubby tubby oompa loopa, how many will be cashing in their $1400 check and how many will be tearing their’s up? Only a hypocrite would call it a big waste and then cash the check. Come to think about it, will any money even be coming to South Dakotans? We’ve never shut down, no mandates, we’re open for business. Our world is spinning in greased grooves. With all our freedom and liberty, we’re living in a patriot’s paridise. Do we really need to be bailed out?
Sx123 seems to know Walmart well, I believe there are photographs of him right there.
You know Arlo, I used to hang at Carys in the early 70s then in the 80s with Bob Penn although those beers with a whiskey chaser were tough not exactly a boilermaker but the same effect. Then a few years ago I went into Careys and it hadn’t changed since 1971, time warp time. My brother-in-law used to work there by the way. One of those bars that are worth it.
1522 moar drumpf/noem bodies March 11th.
How about the millions our legge is bragging about from the Feds that have somehow been used by these conservative legislators that always decry “big go’t” but have replace our tax dollars here in SD this yar’s budget? Has Thune, Rounds and Dusty-let alone Noem-told the Feds to keep their money? Hell no! First hog to the trough, usually, our state is when there’s someone elses money thrown in it…
Gee Mark Anderson…. Bob Penn and Careys… Nice.
The U of SD in those days had a considerable reputation for education both on and off campus.
Tim Johnson was around those parts then also.
I believe the SD democrats in Congress did much more for the people of the state then our current cardboard cutouts. Johnson always introduced legislation that helped SD.
Mr. Ducheneaux of our state being named Head of Farm Services Agency certainly breaks the good ol boy clique up there.
Must be rough for all the trumpet lizards seeing their swamp drying up.
I know Spike, when I had my mandatory meeting with the high school counselor in 1971 she asked me specifically if I was going to USD to smoke dope. It had quite a reputation for education and extra curricular activities. It was a fine place. South Dakota had the most liberal senators in the nation then. Its too bad that to make a good living so many of us had to leave.
1707 countable bodies for drumpf/noem body count, March 12thj.
1846 bodies confirmed March 13th.
1245 drumpf/noem bodies counted March 16th.
Last updated: March 17, 2021, 14:08 GMT
United States
Coronavirus Cases:
30,234,411
Deaths:
549,455
Numbers have really slowed since adults took over response.
“…, isn’t just good for kids and their families. It’s good ….”
Let’s pay attn to our friends in the north. Canada seems to be seeing increasing infection of adults from school kids.