The $1.9 trillion "American Rescue Plan" unveiled yesterday by the incoming Biden-Harris administration looks like the ambitious, "go bold" approach to addressing the pandemic and economic devastation so clearly missing over the past year:
That's a signal to Republicans (and any conservaDems thinking of bucking the party) who have a sudden aversion to deficits after 4 years of re- directing money into corporate coffers. We need to keep an eye out, though, for any signs of special interests making major alterations to the plan, as they will certainly try to do. A $1.9 trillion budget is a big inducement to playing games, so Democrats need to be disciplined and show they can produce.
BONUS II: (h/t Balloon Juice) --
Two big health coverage proposals in Biden's emergency relief package:— Larry Levitt (@larry_levitt) January 14, 2021
An increase in ACA subsidies and extension to the middle class by capping premiums at 8.5% of income.
A temporary subsidy of COBRA continuation coverage for people who have lost job-based insurance.