So far we’re not seeing the compromise that Biden talked about in his election campaign. But it’s not surprising. The Democrats feel there is an urgency to boost the economy and that the bill must be passed quickly. But as usual they are adding a lot of things to the bill that don’t necessarily pertain to boosting the economy. Minimum wage? Cancel Student loan debt? increased Increased child tax credit? The Party of tRump on the other hand doesn’t share the same sense of urgency. Smaller stimulus payments with a lower AGI to phase out the payments. Less money for schools, small businesses, COVID vaccinations and PPE, smaller enhanced federal unemployment benefits. As well as omitting minimum wage, state and local government support. and student loan debt provisions.
Seems to me there is room for compromise. But how long would it take?
March 20, 2014
September 30, 2017