Today, Explained Biden’s Big F***ing Deal
Mar 10, 2021
Emily Stewart, a politics reporter for Vox, joins to dissect President Biden's newly approved American Rescue Plan. She reveals how this $1.9 trillion package revolutionizes American welfare, shaking off the previous CARES Act. The conversation dives into the significant political maneuvers involved, spotlighting the vital role of a key Democratic Senator. Stewart also contrasts the Biden plan with Trump-era strategies, emphasizing the intended impact on individual finances and the broader economy. Expect insightful analysis on cash politics and the evolving landscape of American assistance.
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American Rescue Plan Overview
- The American Rescue Plan provided $1.9 trillion in stimulus, similar to the CARES Act.
- It includes targeted $1,400 stimulus checks, $300 unemployment benefits, and aid for states and cities.
Manchin's Influence
- Senator Joe Manchin played a key role in negotiations, influencing unemployment benefits and tax provisions.
- His involvement highlights the challenges of bipartisanship in passing major legislation.
Wins for Democrats
- Despite setbacks like the exclusion of minimum wage increase, the plan includes significant wins for Democrats.
- These wins include substantial funding for states, cities, schools, and an expansion of the child tax credit.