Skip to content
Subscriber Only

Biden’s State Rescue Dwarfs Tax Hit, Turning It Into Stimulus

  • Forecasts show 2021 revenue loss far less than scale of aid
  • Excess could allow states to take own steps to stoke economy
Video player cover image
Senate Focuses on State Spending in Biden’s Relief Plan

Listen to any of the architects of the $1.9 trillion spending package winding its way through Congress -- from Treasury Secretary Janet Yellen to White House economic adviser Brian Deese -- and they will tell you the aid is urgently needed to rescue the economy.

It is, they insist, simply relief for Americans struggling to get through the pandemic.