House Budget Committee Chairman Rep. John Yarmuth (KY-3) joined me on 840WHAS to add deeper context to the spending plans in the Biden Administration's American Rescue Plan Act (ARPA). Mr. Yarmuth is the primary author of the legislation. Parts of it were retooled by the Senate but it was ultimately passed and signed into law last week. Republicans claim that only a fraction of the spending package is appropriately aimed at eradicating the COVID pandemic. Americans earning $75,000 individually or $150,000 filing jointly receive up to $1,400 per person in stimulus funds from ARPA. Extra cash and tax credits are added for additional family members. That cash commitment makes up 22% of the $1.9 trillion spending package. "I'd be happy to defend every
Tag: economy
Here’s Mitch McConnell on unanimous Senate passage of the stimulus bill, meanwhile Ky Rep. Thomas Massie needs some attention, UPDATE: bill passes as Massie is ignored
Let's not bury the lede. The largest stimulus bill in American history was passed by the Senate, then the House, and signed by President Donald Trump today. It was an honor to join @POTUS at the White House today for the signing of the CARES Act. The American people needed this rescue package. They needed it quickly. And the Senate delivered, 96-0. It's a proud moment for our country. pic.twitter.com/jk33y5D5lg— Leader McConnell (@senatemajldr) March 27, 2020 Now for the rocky road to get here. America is in a freefall from the spread of the deadly novel coronavirus called COVID-19. Surely every elected official will jump in to craft a plan for recovery! Not quite. But Mitch McConnell, Chuck Schumer, and