The bottom 20% of Americans will see their income go up by 20%, while the top 1% will get nothing from the Biden stimulus.
According to an analysis from the Tax Policy Center:
Here is the analysis:
🚨🚨Poorest 20% of Americans estimated to see ~20 percent boost in income from Biden relief plan, particularly due to stimulus payments & CTC, per new Tax Policy Center analysis
Richest 1% to receive income boost of 0%, analysis sayshttps://t.co/2WmwjszTSo
— Jeff Stein (@JStein_WaPo) March 8, 2021
Republicans claim that they are the party of working people, but the reality is that they all voted against the Biden stimulus bill because it doesn’t boost the incomes of the top one percent.
Republicans in Congress don’t care about poor and working-class people. They spent their time when they had the majority in the House and Senate passing tax cuts for the rich, and then trying to pay for them by cutting programs to the poor and working poor.
The Biden stimulus doesn’t just talk the talk. It walks the walk. For the first time in decades, Republicans didn’t have the power to demand that rich people get something out of a stimulus plan. The American Rescue Plan will deliver money to those who need it the most, which will help businesses all across the country.
By winning the election and controlling Congress, Democrats have been able to increase the poorest Americans’ income by 20% with one piece of legislation.
For more discussion about this story join our Rachel Maddow and MSNBC group.
Mr. Easley is the managing editor, who is White House Press Pool, and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association