On Saturday, politicians in the U.S. approved the massive $1.9 trillion Covid-19 relief package dubbed President Biden’s “American Rescue Plan.” The stimulus plan will see American citizens earning $75k or less eligible to receive $1,400. Moreover, households will get an additional $1,400 for every dependent child claimed. Despite the direct cash payments, Biden’s American Rescue Plan is also filled with pork-barrel items that have nothing to do with coronavirus relief.
The So-Called ‘American Rescue Plan’
Americans are expecting a third stimulus check in the near future, after members of the U.S. Congress approved the $1.9 trillion relief package called the “American Rescue Plan.” The 628 page bill worth nearly two trillion U.S. dollars will see American citizens get the largest cash payments to-date.
The bill’s pages outline that individual Americans who earn $75,000 per year or less will get a payment for $1,400. American couples will get a check worth $2,800 if they make $150k or less per year. In addition to this, U.S. households will get an additional $1,400 per child dependent that is claimed on their income tax filings.
Estimates also show that all the direct payments to American citizens and households will cost roughly $422 billion. Furthermore, Biden’s American Rescue Plan includes $246 billion dedicated to the weekly unemployment supplement that will last up until August 29, 2021. This money will also be leveraged for an extension of programs that may provide even more people with unemployment benefits.
There’s also the “Child Care Tax Credit” that households can use to get a refund on daycare and the estimated cost for this section is around $143 billion. Another $8 billion will go toward subsidizing COBRA coverage, and $45 billion toward the expansion of Affordable Care Act subsidies.
There are a number of other benefits ordinary citizens will get from the third stimulus like nutrition assistance programs that help needy Americans with food assistance in place of school lunch. However, the American Rescue Plan stimulus also has a load of pork barrel funds that will feed hungry politicians, as they certainly could be deemed entirely unnecessary in the eyes of taxpayers.
Billions of Dollars Will Fund Museums, a Bridge Connecting Canada to New York, and Environmental Protection
The metaphor “pork barrel” is a term appropriated for government spending that uses funds for localized projects and unwarranted proposals in order to bolster a bureaucrat’s specific district. Pork is also referred to as a type of government spending that is completely wasteful and not legitimized by the American populace. Typically pork funding is stuffed into massive bills like this one and the last two stimulus packages. The third stimulus package, worth $1.9 trillion, is no different than the last two as it is loaded with pork.