James Pethokoukis
James Pethokoukis
@AEI Fellow. @CNBC Contributor. @Jeopardy! champ. @TheWeek columnist. Ex- @Reuters columnist. Ex- @USNews editor. @MedillSchool. @NorthwesternU ๐Ÿฆ…๐ŸŒ ๐ŸŒŽ๐Ÿฆ„ ๐Ÿค–๐Ÿš€ ๐ŸงฌSource
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Biden is not going to get his $1.9 trillion stimulus plan. And that's okay.

Biden is not going to get his $1.9 trillion stimulus plan. And that's okay.

It's hard to imagine Team Biden ever thought the GOP would swallow whole another $2 trillion in spending just a month or so after Congress passed a nearly $1 trillion relief bill. And it's not just the total amount of spending. Even Republicans who think, for example, that state and local governments need more financial assistance โ€” and they do โ€” doubt the need for $350 billion of additional help. Same goes for the $3,000 child tax credit. Just too, too much in such an already big proposal. In reality, the humongous Biden plan seems built for potential compromise. Cut a bit here, trim a bit...โ€ฆ

January 28, 2021
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