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Forbes: Breaking Down The Tax Provisions Of The American Rescue Plan Act
There's a lot more subtlety that you have to take into account right now. We can expect a lot of stimulus from this. But at some point the economy may get jammed up on capacity and the stimulus stops taking effect and the inflation takes over. That's what people are concerned about.
Pelosi ‘Excited’ To Pass COVID Bill With $600 Million Bailout For San Francisco: ‘I Just Can’t Hide It’ ". . . The $1.9 trillion American Rescue Plan includes $600 million for San Francisco — where Pelosi’s district is located — $1.7 billion for Amtrak and $470 million for museums. Biden is reportedly set to sign the COVID relief bill into effect Friday."
Republican Pennsylvania Sen. Pat Toomey recently criticized the legislation’s wasteful spending, while House Minority Leader Kevin McCarthy described the approximately 600-page bill as “The Pelosi Payoff.”
Latest Stimulus about Politics, not the Economy . . . "The sad reality is that they, or someone else, will have to pay the bill in the future. The impact of this unrestrained borrowing and spending will eventually be realized in negative consequences for America, but as we have seen all too often, it will take a crisis to stop it."
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