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
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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.