Here’s some economic populism for you:
“The Senate Republican proposal for a third bill to address the COVID-19 pandemic and economic crisis is woefully inadequate to meet the extraordinary challenges now facing the nation. Its centerpiece — direct cash payments to households — would miss the lowest-income households entirely and give millions of low- and moderate-income households much less than those who are better off. And the proposal ignores the dire need to expand health coverage, help those who have lost their jobs and are struggling to make ends meet, avert a rise in evictions and homelessness, and close the large state budget shortfalls that will soon emerge.
Under the proposal, most taxpayers would receive between $600 and $1,200 ($2,400 for a married couple) based on their 2018 income and taxes. People owing little or no income tax would get the minimum rebate of $600 if they had at least $2,500 in income from earnings, Social Security, or veterans’ benefits in 2018. People with less than $2,500 of qualifying income would get nothing. [And if you think there aren’t millions of Americans who have less than $2,500 in qualifying income, think again].Payments would rise by $500 for each child and be phased out at higher income levels.
Take two families of four, with incomes of $35,000 and $150,000. Both families have two children, who receive $500 each. The adults, however, are treated very differently. Each adult in the higher-income family gets $1,200, while each lower-income adult receives just $600. This means the less financially vulnerable family gets $1,200 more than the family that has a tougher time making ends meet.”
I mean what can you even say at this point?
. . . OK you can say this, which is quite literally true:
The Republicans in Congress are OK with Americans starving to death. That’s what happens when you have no money and there’s a pandemic that shuts everything down for a couple or three months. They’re OK with it. They’ll say they’re not, of course, but their actions speak louder than their words. Revealed preference: to congressional Republicans, the poorest and most vulnerable people starving to death is preferable to giving poor people money they didn’t earn.