Do you think Republicans will learn anything from this experience?
The Democrats used budget reconciliation to pass the COVID relief bill which is one of the most popular policy proposals of the last twenty years. In contrast, the GOP used budget reconciliation to try to pass the True Cons agenda of Ryancare and when that failed the Trump tax cuts, which are respectively the two most unpopular policy proposals of the last twenty years and only resonated with fiscal conservatives. Donald Trump spent his political capital on Paul Ryan’s unpopular agenda in 2017.
“The Senate on Saturday narrowly passed President Biden‘s $1.9 trillion coronavirus relief plan following a marathon overnight session in a key vote that puts new stimulus checks and expanded unemployment checks one step closer to the pockets of the American public.
Following 27 hours of debate, delays and wrangling, Democrats pushed through the legislation in a party-line vote of 50-49. The legislation now heads back to the House for final approval before hitting Biden’s desk for his signature on what would be his first major legislative victory. …”
The bill includes the $1,400 checks and the new child tax credit.
“An expanded child tax credit for 2021 is about to become law. After some procedural wrangling, the Senate narrowly approved President Biden’s stimulus package to help tackle the coronavirus pandemic and stimulate the economy. Because the Senate made some changes to the House-crafted bill, titled the American Rescue Plan Act of 2021 (“American Rescue Plan”), the House will have to revote on the revised bill before sending it to Biden’s desk for his signature. We expect that will happen next week. One provision in the American Rescue Plan would, for one year, expand the child tax credit and make it fully refundable. …
Regarding the advance payments, the plan calls for the IRS to send out a check (mainly in the form of direct deposits) periodically from July through December to families. These periodic payments would account for half of the family’s 2021 child tax credit. For example, if monthly payments were made, this would result in payments of up to $250 per child ($300 per child under age 6) for six months and would be a nice windfall for many families. Take a family of five with three children ages 12, 7 and 5. Assuming the family qualifies for the higher child credit and doesn’t opt out of the advance payments, they could get $800 per month from the IRS from July through December, for a total of $4,800. They would then claim the additional $4,800 in child tax credits when they file their 2021 return next year. (Use our 2021 Child Tax Credit Calculator to see how much you would get per month under the current plan.) …”
Oren Cass has been criticizing the Biden child tax credit plan.
I was going to write something in response to this interview at The Federalist, but it seems pointless now. When presented with the chance to say yes to $2,000, save the Senate, do something popular and help White working class families, Mitch McConnell and Senate Republicans said no way.
Pat Toomey and Ron Johnson said it would cost too much money. So now they have to swallow this big bailout for blue states and everything else that comes attached with it and watch Joe Biden and the Democrats get political credit for the child tax credit. The next budget reconciliation bill will be used to pass an infrastructure bill which they also blocked when Trump was president.
Note: When Joe signs the bill and makes good on delivering us our $1,400, I will put the aviators back on him. He won’t be signing the Equality Act or a big amnesty.