On Monday, President Joe Biden took to Twitter to laud his administration’s American Rescue Plan bill, saying, “We passed the American Rescue Plan without a single vote from Republicans in Congress. We gave states and local governments money to keep firefighters in the fire hall, first responders on the job, teachers in the classroom, and nurses in the clinics and hospitals.”
However, critics argue that the reason many people were out of work in the first place was because of the Biden administration’s policies and claim that spending $1.9 trillion to keep people working was not the best solution to the problem.
Opponents also say that the plan would not have been necessary if better policies had been implemented to give Americans more economic freedom and fewer regulations.
The American Rescue Plan Act is a nearly $2 trillion relief package, making it one of the most expensive economic rescue plans in history. It is aimed at reviving the U.S. economy and mitigating the impact of the outbreak of disease.
The plan was not approved in a bi-partisan manner, as many Republicans deemed it too costly and excessive.
Republican legislators in the House and Senate went on to criticize projects funded by the American Rescue Plan Act, claiming they are extravagantly wasteful. They also threatened to closely examine the allocation of the funds.
Part of President Biden’s Build Back Better plan, the package provides:
- $1,400 direct stimulus payments
- Extended unemployment benefits
- Eviction/foreclosure moratoriums
- Increased, fully refundable Child Tax Credit
- Funds for state/local governments
- School reopenings
- testing subsidies.