The Daily

The $1.9 Trillion Stimulus Plan

Mar 2, 2021
Jim Tankersley, a White House correspondent for The New York Times known for his economic insights, discusses the $1.9 trillion stimulus plan under Biden. He examines its monumental provisions aimed at aiding Americans and local governments. Tankersley highlights the debate between Democrats and Republicans, noting strong public support even amid criticisms. He also touches on long-term changes in child poverty and minimum wage, stressing the urgency for governmental action during the ongoing health crisis.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ANECDOTE

2009 Stimulus

  • Joe Biden, as vice president, helped pass an $800 billion stimulus in 2009.
  • The Biden administration believes this was too small and doesn't want to repeat that mistake.
INSIGHT

Big vs. Small Stimulus

  • The Biden administration prioritizes going big over going too small with the stimulus.
  • They believe the risk of insufficient aid outweighs the risk of excessive spending.
INSIGHT

Republican Counterproposal

  • Republicans proposed a $600 billion stimulus, a third of Biden's $1.9 trillion proposal.
  • The Biden administration rejected this, preferring to stay closer to their original figure.
Get the Snipd Podcast app to discover more snips from this episode
Get the app